Direxion Daily Financial Bull 3X Shares (FAS)
- Previous Close
94.14 - Open
95.39 - Bid 97.65 x 1100
- Ask 98.20 x 1300
- Day's Range
95.01 - 98.37 - 52 Week Range
48.73 - 113.08 - Volume
765,294 - Avg. Volume
773,238 - Net Assets 2.45B
- NAV 94.31
- PE Ratio (TTM) 28.87
- Yield 1.48%
- YTD Daily Total Return 14.30%
- Beta (5Y Monthly) 2.85
- Expense Ratio (net) 0.94%
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: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage REITs. It is non-diversified.
Direxion Funds
Fund Family
Trading--Leveraged Equity
Fund Category
2.45B
Net Assets
2008-11-06
Inception Date
Performance Overview: FAS
Trailing returns as of 4/18/2024. Category is Trading--Leveraged Equity.
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Holdings: FAS
Top 7 Holdings (30.77% of Total Assets)
Sector Weightings
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Research Reports: FAS
Analyst Report: Netflix, Inc.
Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
RatingBearishPrice TargetAnalyst Report: Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
RatingNeutralPrice TargetAnalyst Report: Meta Platforms, Inc.
Meta is the world’s largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.
RatingBearishPrice TargetAnalyst Report: Amazon.com, Inc.
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
RatingNeutralPrice Target