For those looking to leverage a short term trade looking for upside in financials without using options, Direxion Daily Financial Bull 3x Shares (NYSEArca: FAS) may be a potential fit as the ETF is designed to provide three times the daily returns of the Russell 1000 Financial Services Index.
While not meant to be a long term strategy as the ETF is subject to the daily compounding effect, in a trending “up” market, the ETF will likely see a lot of traffic and interest. [Don’t Blame Leveraged ETFs for Market Swings]
Direxion Daily Financial Bull 3x Shares (NYSEArca: FAS)
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