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-cap financial services sector U.S. stocks.

Holdings: The ETF invests in derivatives, including futures and swaps, to achieve the daily leverage.