(FAS) Direxion Daily Financial - NYSE
ETF Category: Trading--Leveraged Equity | Exchange: NYSE (USA) | Market Cap: 2.176m USD | Total Return: -2.9% in 12m
Avg Turnover: 82.1M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Direxion Daily Financial Bull 3X Shares (FAS) is a leveraged exchange-traded fund designed to provide 300% of the daily performance of its underlying financial sector index. To achieve this triple exposure, the fund invests at least 80% of its assets in financial instruments including total return swaps, index securities, and other ETFs.
The fund targets a broad range of financial industries, including commercial banks, insurance providers, and mortgage REITs. These sectors typically generate revenue through net interest margins and asset management fees, making them highly sensitive to interest rate fluctuations and credit market cycles. Because the fund rebalances daily to maintain its 3X leverage, it is primarily intended for short-term trading rather than long-term investment.
Investors can evaluate the underlying holdings and historical volatility at ValueRay to better understand the risks of leveraged products. As a non-diversified fund, FAS carries concentrated risk within the financial services sector and is subject to significant compounding effects during periods of high market volatility.
- Federal Reserve interest rate decisions impact net interest margins for banks
- Financial sector earnings volatility magnified by 3X daily leverage
- Capital markets activity drives investment banking and asset management fees
- Regulatory changes and capital requirements influence banking sector valuations
As of June 12, 2026, the stock is trading at USD 139.11 with a total of 814,344 shares traded.
Over the past week, the price has changed by +2.02%,
over one month by +7.15%,
over three months by +15.87% and
over the past year by -2.86%.
Direxion Daily Financial has no consensus analysts rating.