Direxion Daily Financial Bull 3x Shares ETFFund
- Change 4.86 (4.1%)
- Volume 0.66 M
10:06 AM EDT Dec 18, 2014
U.S. Markets are open
- Assets $1,148.7M
- Expense Ratio 0.95%
- Yield N/A
- Vs 50 Day EMA %
- Vs 200 Day EMA %
US Equity ETF
Direxion Daily Financial Bull 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results before fees and expenses of 300% of the performance of the Russell 1000 Financial Services Index ('Financial Index'). The Fund invests in at least 80% of its net assets in the equity securities that comprise the Financial Index
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08-06-2014 01:38 PM by Todd Shriber
Moribund financial services exchange traded funds got some much-needed good news Wednesday when Bank of America (NYSE: BAC) announced the Federal Reserve granted it permission to raise its dividend to common stockholders for the first time in seven years. BofA said it will pay...
08-06-2014 10:30 AM by Todd Shriber
With the S&P 500 down nearly 3% over the past week, it is not surprising that some traders are looking for protection and the potential for out-sized near-term profits with leveraged exchange traded funds. What is surprising, or at the very least interesting, is where the ...
06-17-2014 01:21 PM by Todd Shriber
The Financial Select Sector SPDR (NYSEArca: XLF), the largest U.S. sector ETF, is up half a percent in the current quarter, but the niceties could end there for XLF and rival bank ETFs. XLF is locked in a dubious tie with the Consumer Discretionary Select Sector SPDR (NYSEArca...
02-04-2014 12:32 PM by Todd Shriber
After the tumbles seen for U.S. stocks last Friday and this Monday, just one S&P 500 sector, utilities, can say it is in the green on a year-to-date basis. Perhaps, in the oddest of ways, it can be argued that financial services ETFs, some of last year's darlings among sec...
01-21-2014 12:03 PM by Tom Lydon
Inflows to exchange traded funds were a record $247.3 billion. That marks the second consecutive year inflows topped $200 billion. Smart-beta, or non-cap weighted ETFs, continued to gain stature…and assets. Smart beta ETFs "contributed a record $65.1bn of inflows in 2013 led b...
12-27-2013 11:54 AM by Todd Shriber
When it comes to leveraged financial services exchange traded funds, there are some familiar names. The UltraShort Financials ProShares (NYSEArca: SKF) and the Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) are among the products active, risk-tolerant traders are familia...
12-12-2013 06:30 AM by Tom Lydon
Direxion, the second-largest issuer of inverse and leveraged exchange traded funds, has filed plans to possibly introduce the Direxion Financial Bull 1X Shares ETF. The Direxion Financial Bull 1X Shares ETF would be the unleveraged version of one of the more popular leveraged ...
12-04-2013 07:30 AM by Tom Lydon
In recent years, inverse and leveraged exchange traded funds have spent ample time in the spotlight . Investors enjoy the idea of potential returns that are two or three times those of plain vanilla ETFs, but leveraged ETFs are not buy-and-hold instruments. Rather, these pr...
11-14-2013 01:16 PM by Tom Lydon
Just when it appeared that financial services exchange traded funds , November rolled around and those ETFs found firmer footing. The Financial Select Sector SPDR Fund (NYSEArca: XLF), the largest sector ETF of any type, is up 1.6% since the start of the month while the rival ...
11-05-2013 11:32 AM by Todd Shriber
Financial services exchange traded funds have spent ample time in the limelight this year, mostly in positive fashion. However, the Financial Select Sector SPDR (NYSEArca: XLF), the largest sector ETF of any stripe, has lost 0.7% over the past three month, making it the only one ...
10-24-2013 01:19 PM by Todd Shriber
Despite lingering controversy for some of its largest constituents, the financial services sector, the second-largest sector weight in the S&P 500 behind technology, has enjoyed plenty of success this year. The Financial Select Sector SPDR (NYSEArca: XLF), the largest sect...
03-14-2012 03:20 PM by Paul Weisbruch, Street One Financial
Bank exchange traded funds are moving higher with some of the sector's top names unveiling share buybacks and dividend hikes. For example, SPDR S&P Regional Banking (NYSEArca: KRE) rallied nearly 4% on Tuesday. In notes to customers we have mentioned the outperformance in ...
11-04-2011 11:55 AM by Tom Lydon
ETF spotlight on Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS), part of an ongoing series. Assets: $1.6 billion. Objective: The Financial Bull 3X ETF tries to reflect the 300% daily price performance of the Russell 1000 Financial Services Index, which holds large-...
10-12-2011 04:04 PM by Tom Lydon
Financial exchange traded funds led the market higher Wednesday on speculation European Union leaders will be able to quell the unrest in debt markets. Financial Select Sector SPDR (NYSEArca: XLF) rallied nearly 3%. The sector ETF also climbed above its 50-day simple moving av...
10-10-2011 08:12 AM by Paul Weisbruch, Street One Financial
With broad based equity exchange traded funds such as SPDR S&P 500 (NYSEArca: SPY) and iShares Russell 2000 (NYSEArca: IWM) finishing well off the intraday lows touched on Tuesday of last week, we did see some signs of a rotation away from Treasury ETFs and back into equities...
10-06-2011 07:45 AM by Tom Lydon
Direxion, an exchange traded fund provider best known for its leveraged and inverse products, will execute a reverse split for six of its ETFs. "The total market value of the shares outstanding will not be affected as a result of this reverse split, except with respect to the ...
10-05-2011 11:52 AM by Paul Weisbruch, Street One Financial
Trading volume swelled in Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) on Tuesday amidst a huge swing in the equity markets going into the closing bell. FAS actually traded as low as $8.43 a share and ultimately closed above $10. That's approximately a 20% intraday ...
09-08-2011 01:11 PM by Paul Weisbruch, Street One Financial
Bullish options flow was evident in exchange traded funds indexed to the U.S. financials sector on Wednesday with relevant activity in both SPDR KBW Bank (NYSEArca: KBE) and Financial Select Sector SPDR Fund (NYSEArca: XLF). It is worth noting that the top portfolio holdings o...
05-23-2011 08:21 AM by John Spence
Financial exchange traded funds were set for a 1% decline Monday in the U.S. as renewed concerns over sovereign debt in Europe roiled markets. Citigroup (NYSE: C) and Bank of America (NYSE: BAC) were both down more than 1% before the opening bell. Financial Select Sector SPDR ...
12-30-2010 11:00 AM by Tom Lydon
Greater mergers and acquisitions activity in the financial sector has been delivering a nice bump for regional banking exchange traded funds (ETFs). The Keefe, Bruyette & Woods Regional Bank Index rose 3% this month on regional banking M&A activity, reports Laurie Kuli...
11-14-2010 01:00 PM by Tom Lydon
The broader market has been performing well in recent months, with the S&P 500 experiencing a nice 11% gain from the beginning of September, but financial stocks and related exchange traded funds (ETFs) have not caught on to the bullish trend. Still, Jeff Reeves for TheStr...
10-18-2010 08:30 AM by Tom Lydon
In early morning trading shares of financial stocks appear to be recovering from the slide that began last week based on worries that the mortgage foreclosure debacle might lead to higher cost, lawsuits, congressional inquiries and other problems for lenders. According to the ...
07-13-2010 02:00 PM by Tom Lydon
Leveraged exchange traded funds (ETFs) allow investors to achieve outsized returns. Unfortunately, those outsized returns can be in either the positive or negative direction. That's why it's important to understand exactly what a leveraged ETF is and the different options that ar...
07-02-2010 11:00 AM by Tom Lydon
Financial reform took one step forward on Wednesday, when the House agreed to pass a new bill that would rewrite the nation's financial regulations. The bill still needs to pass through the Senate. But assuming financial regulation does get an overhaul, what can we expect from fi...
05-24-2010 12:00 PM by Tom Lydon
The market has been taking investors on a volatile ride. While many have been on a flight to quality toward gold, Treasury bond and Japanese yen exchange traded funds (ETFs), other intrepid investors are taking shelter in bear funds. Bear funds are increasingly popular in the...
05-01-2010 01:00 PM by Tom Lydon
Leverage is a risky strategy you can use to amp up your returns. If you have the stomach and resources to invest with leverage, then you may want to look at leveraged exchange traded funds (ETFs), which offer the benefits of leverage without having to actually leverage your mone...
04-07-2010 12:00 PM by Tom Lydon
The markets and exchange traded funds (ETFs) have plowed through with large gains since last year, but the real estate and financial sectors have been lagging. If you're not shy about risk, leveraged ETFs focused on those sectors have been adding oomph. Among the top-performin...
08-21-2009 06:00 AM by Tom Lydon
Exchange traded funds (ETFs) are a useful tool for investing and investors agree. Over the past couple of years trading volumes in the various ETFs have shot up. Let's take a look at which ETFs investors crave the most. ETF trading volume jumped from $142 billion in 2004 to $3...
05-18-2009 02:00 PM by Tom Lydon
In the world of leveraged exchange traded funds (ETFs) it appears that triple the exposure will be the limit. As more and more investors flock to leveraged ETFs because of their ability to enable one to earn bigger and bigger gains, ETF providers have said that they will not ...
04-17-2009 06:00 AM by Tom Lydon
Over the past few weeks, the financial sector has made a run, but the levered versions of this sector and its exchange traded funds (ETFs) have truly defined the affects of compounding. Since March 9, the Russell 1000 Financial Services Index has gained nearly 62% on positive...
03-10-2009 10:00 AM by Tom Lydon
Federal Reserve Chairman Ben Bernanke announced a new rule book will be written for the financial world, in an effort to keep this financial crisis from repeating itself, and to protect markets and exchange traded funds (ETF) in the long run. "We must have a strategy that reg...
12-18-2008 01:00 PM by Tom Lydon
Direxion Shares exchange traded funds (ETFs) are a new tool offering forward thinking investors innovative options and market exposure, and they've just expanded their family a little more. The first-of-its-kind ETF provider has added six more funds to its family, and they now o...
11-05-2008 06:00 AM by Tom Lydon
If you need or want more leverage in your exchange traded funds (ETFs), today you're going to have the choice. Direxion has launched eight ETFs that are leveraged bull and bear funds designed to seek 300% of the daily performance, or 300% of the inverse of the daily performanc...