Today’s ETF On Watch: Direxion Daily Financial Bull 3X ETF (FAS) Declines 3.14% for Nov 16

November 16, 2016 - By kentuckypostne   ·   0 Comments

Nov 16 is a negative day so far for Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS) as the ETF is active during the day after losing 3.14% to hit $34.54 per share. The exchange traded fund has 1.18B net assets and 3.08% volatility this month.

Over the course of the day 309,465 shares traded hands, as compared to an average volume of 3.05M over the last 30 days for Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS).

The ETF is -0.23% of its 52-Week High and 111.10% of its low, and is currently having ATR of 1.11. This year’s performance is 17.13% while this quarter’s performance is 15.86%.

The ETF’s YTD performance is 1%, the 1 year is -2.97% and the 3 year is 15.61%.

The ETF’s average P/E ratio is 16.48, the price to book is 1.43, the price to sales is 2.47 and the price to cashflow is 7.47. It was started on 11/19/2008. The fund’s top holdings are: Russ 1000 Finan Indx Swap for 8.64% of assets, Fidelity Institutional Go for 3.53%, Berkshire Hathaway Inc B for 1.68%, JP Morgan Chase & Co. Common St for 1.49%, Wells Fargo & Company Common St for 1.24%.

More notable recent Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) news were published by: Marketwatch.com which released: “Direxion Daily Financial Bull 3x Shares” on August 05, 2009, also Etfdailynews.com with their article: “Stop Investing In Leveraged ETFs [Direxion Small Cap Bull 3X Shares (ETF …” published on August 19, 2014, Prnewswire.com published: “Direxion Investments Announces Reverse and Forward Share Splits of 19 …” on April 20, 2015. More interesting news about Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) were released by: Marketwatch.com and their article: “/quotes/zigman/3870025/realtime” published on July 19, 2013 as well as Benzinga.com‘s news article titled: “These Leveraged Sector ETFs Merit Attention As Clinton Pushes Ahead” with publication date: October 04, 2016.

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index . The company has a market cap of $1.18 billion. The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. It currently has negative earnings. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.

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