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Direxion Daily Financial Bull 3X Shares (FAS)



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Upturn Advisory Summary
08/29/2025: FAS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 99.98% | Avg. Invested days 50 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 2.99 | 52 Weeks Range 92.36 - 188.10 | Updated Date 06/29/2025 |
52 Weeks Range 92.36 - 188.10 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily Financial Bull 3X Shares
ETF Overview
Overview
The Direxion Daily Financial Bull 3X Shares (FAS) seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 1000 Financial Services Index. It provides leveraged exposure to the financial sector, focusing on companies providing financial services.
Reputation and Reliability
Direxion is a well-known provider of leveraged and inverse ETFs. They have a proven track record in managing such products, though leveraged ETFs are inherently riskier.
Management Expertise
Direxion's management team has experience in managing various ETFs, including leveraged and inverse funds. Their expertise lies in replicating the target index's daily performance with leverage.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 1000 Financial Services Index.
Investment Approach and Strategy
Strategy: This ETF aims to provide 3x leveraged exposure to the daily performance of the Russell 1000 Financial Services Index.
Composition The ETF's assets primarily consist of financial instruments designed to track the index's daily performance with 3x leverage, including derivatives such as swap agreements, futures contracts, and other financial instruments.
Market Position
Market Share: FAS's market share is influenced by investor demand for leveraged financial sector exposure.
Total Net Assets (AUM): 409000000
Competitors
Key Competitors
- ProShares UltraPro Financials (FINU)
- MicroSectors U.S. Big Banks Index 3X Leveraged ETN (BNKU)
Competitive Landscape
The competitive landscape includes other leveraged financial sector ETFs and ETNs. FAS differentiates itself through its specific index tracking and leverage factor. Advantages include potential for higher returns in a rapidly rising financial sector market. Disadvantages include amplified losses in a declining market and the effects of compounding, which can cause significant deviation from the index performance over longer periods.
Financial Performance
Historical Performance: Historical performance is highly volatile due to the 3x leverage. Past performance is not indicative of future results, and significant gains or losses are possible.
Benchmark Comparison: Performance should be compared to a hypothetical investment that provides 3x leverage to the Russell 1000 Financial Services Index's daily performance. Due to the daily reset, the ETF's longer-term performance can deviate significantly from 3x the index's overall return.
Expense Ratio: 0.91
Liquidity
Average Trading Volume
The average trading volume of FAS is high, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting its high trading volume and liquidity.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation, and overall market sentiment significantly impact FAS's performance. Sector growth prospects, particularly in the financial industry, also play a crucial role.
Growth Trajectory
FAS's growth is tied to the performance of the financial sector and investor appetite for leveraged products. Changes to strategy and holdings are infrequent as the ETF aims to track the index daily.
Moat and Competitive Advantages
Competitive Edge
FAS's competitive advantage lies in its 3x leveraged exposure to the Russell 1000 Financial Services Index, offering investors a tool for aggressive short-term bets on the financial sector. Its high trading volume and tight bid-ask spread also enhance its attractiveness. However, its leveraged nature increases risk compared to unleveraged ETFs. Its daily reset mechanism is its unique selling point that offers a very short-term and precise investment approach to the financial sector.
Risk Analysis
Volatility
FAS is highly volatile due to its 3x leverage. Investors should expect significant fluctuations in value.
Market Risk
FAS is subject to market risk associated with the financial sector, including interest rate risk, credit risk, and regulatory changes.
Investor Profile
Ideal Investor Profile
FAS is suitable for sophisticated investors with a high-risk tolerance who seek short-term, leveraged exposure to the financial sector. It is not intended for buy-and-hold investors.
Market Risk
FAS is best suited for active traders with a short-term investment horizon. It is not appropriate for long-term investors or passive index followers.
Summary
The Direxion Daily Financial Bull 3X Shares (FAS) provides 3x leveraged exposure to the daily performance of the Russell 1000 Financial Services Index. This makes it a tool for short-term, tactical bets on the financial sector. Due to the daily reset, FAS is not suitable for long-term investors and should only be considered by experienced traders who understand the risks of leveraged ETFs. Its high volatility and potential for significant losses make it a high-risk, high-reward investment option. The long term value may deviate significantly from the index due to the effect of compounding.
Peer Comparison
Sources and Disclaimers
Data Sources:
- DirexionShares.com
- ETF.com
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Leveraged ETFs are inherently risky and may not be suitable for all investors. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Financial Bull 3X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index includes securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts; and consumer finance. It is non-diversified.

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