(FAS) Direxion Daily Financial - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 2.145m USD | Total Return: -7.5% in 12m
Avg Turnover: 81.6M
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 the Financial Select Sector Index. To achieve this objective, the fund invests at least 80% of its net assets in financial instruments including swap agreements, index securities, and other ETFs. The underlying index tracks a broad range of U.S. financial institutions, including commercial banks, insurance providers, and mortgage REITs.
The financial sector is highly sensitive to interest rate fluctuations, as net interest margins typically expand when the gap between short-term and long-term rates increases. Unlike traditional equity funds, leveraged ETFs utilize derivatives to amplify daily returns, making them high-risk instruments primarily intended for short-term trading rather than long-term buy-and-hold strategies. Investors can evaluate how these leverage factors influence long-term volatility by reviewing the technical data on ValueRay.
- Federal Reserve interest rate policy shifts dictate commercial bank net interest margins
- Quarterly earnings performance of major US investment banks drives underlying index volatility
- Regulatory changes in capital requirements impact financial sector balance sheet flexibility
- Daily compounding effects and leverage decay influence long-term price action relative to index
- Broad equity market sentiment shifts affect high-beta financial services sector performance
As of May 29, 2026, the stock is trading at USD 129.82 with a total of 753,669 shares traded.
Over the past week, the price has changed by -2.24%,
over one month by -4.42%,
over three months by -3.20% and
over the past year by -7.51%.
Direxion Daily Financial has no consensus analysts rating.