Direxion Daily Financial Bull 3X Shares (FAS) — ()
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Direxion Daily Financial Bull 3X: Not For Building Long-Term Investment Portfolios
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Sentiment: Positive ()
Leveraged ETFs, like the Direxion Daily Financial Bull 3X ETF, are designed for day trading, not long-term investing, due to their daily reset mechanism. Holding leveraged ETFs beyond a single …
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4 Best Leveraged ETFs of Last Week
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Sentiment: Positive ()
Wall Street was moderately upbeat last week.
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About Direxion Daily Financial Bull 3X Shares FAS
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 and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; capital markets; Insurance; and Mortgage REITs. It is non-diversified.