Key stats
About DIREXION SHARES ETF TRUST DAILY FINL BULL 3X SHS NEW
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Inception date
Nov 6, 2008
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
FAS is an aggressive and bullish one-day bet on large-cap US financials stocks. It provides 3x leveraged exposure to a market cap-weighted index that captures the financials segment of the S&P 500 based on GICS. To gain exposure to the index, FAS invests in swap agreements, securities of the index, and ETFs that track the index. As a leveraged product, FAS is not a buy-and-hold ETF, it is a short-term tactical instrument. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Cash
Stocks77.79%
Finance71.77%
Commercial Services4.76%
Technology Services1.26%
Bonds, Cash & Other22.21%
Cash22.21%
Stock breakdown by region
North America96.90%
Europe3.10%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FAS invests in stocks. The fund's major sectors are Finance, with 71.77% stocks, and Commercial Services, with 4.76% of the basket. The assets are mostly located in the North America region.
FAS last dividends amounted to 9.16 MXN. The quarter before, the issuer paid 3.86 MXN in dividends, which shows a 57.87% increase.
FAS assets under management is 46.99 B MXN. It's risen 6.37% over the last month.
FAS fund flows account for −13.30 B MXN (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FAS pays dividends to its holders with the dividend yield of 0.79%. The last dividend (Apr 1, 2025) amounted to 9.16 MXN. The dividends are paid quarterly.
FAS shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 6, 2008, and its management style is Passive.
FAS expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
FAS follows the S&P Financial Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FAS invests in stocks.
FAS price has risen by 17.86% over the last month, and its yearly performance shows a 77.58% increase. See more dynamics on FAS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.41% over the last month, showed a −20.33% decrease in three-month performance and has increased by 80.73% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 10.41% over the last month, showed a −20.33% decrease in three-month performance and has increased by 80.73% in a year.
FAS trades at a premium (0.52%) meaning the ETF is trading at a higher price than the calculated NAV.