October is a Huge Month For Leveraged Bank ETFs

Related: Russia Rebound Lifts ‘RUSL’ Leveraged ETF

The week starting Oct. 8th sees the financial services sector earnings deluge commence. From Oct. 8th though Oct. 19th, about 41% of the Russell 1000 Financial Services Index reports third-quarter earnings, according to Direxion. The following two weeks sees over 53% of the index’s components report earnings.

In the third quarter, traders pulled $318.44 million from the bullish FAS while allocating $28.66 million to the bearish FAZ.

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