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Direxion Daily Financial Bull 3X Shares (FAS)

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Last Post: 5/17/2013 1:06:29 PM - Followers: 90 - Board type: Free - Posts Today: 0


Welcome
 

We are here to discuss the Direxion Daily Financial 3X funds.
Please feel free to include FAZ in any discussion, as FAS and FAZ are both representative of the same thing...  A 3X reflection in daily movement of the Russell 1000 Financial Services Index.

 The key word to remember here is DAILY.

FAS/FAZ are not intended as an investment, but as a trading tool designed to reflect the DAILY moves of the Russell 1000 Financial_Services Index X3.

Historic Develpments for FAS from Direxion

Forward Split for 5 Direxion Bull ETFs

FAS included in Dividend Distribution

 

 

Each day Direxion publishes the current makeup of this ETF:  http://www.direxionshares.com/holdings_fas.csv

Link To Direxion's FAS fact sheet:  www.direxionshares.com/pdfs/Financials_Bull-Bear_Fact_Sheet.pdf

Link to fact sheet regarding Russell 1000 Financial_Services Index:  www.russell.com/indexes/PDF/fact_sheets/US/1000Financialservices.pdf

Link to Prospectus:  direxionshares.onlineprospectus.net/direxionshares/FAS/index.html

Link to Summary Prospectus:  direxionshares.onlineprospectus.net/direxionshares/FAS/index.html

Link to FAS chart

Link to Russell 1000 Financial Index (RIFIN) chart

Link to Dow Jones US Financials

 

 It is important to understand the unique characteristics of leveraged ETFs, and in particular Triple Leveraged ETFs.

While these funds are designed to reflect a daily 3X change in the underlying assets, It is important to understand that over an extended period of time a leveraged fund may actually UNDERPERFORM the underlying assets represented!

Important Reading: 

www.direxionshares.com/pdfs/DS_Paper_011210.pdf

www.finra.org/Investors/ProtectYourself/InvestorAlerts/MutualFunds/P119778

Good video:

 www.cnbc.com/id/15840232

 

 

 

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FAS
Current Price
Volume:
Bid Ask Day's Range
FAS Detailed Quote Wiki
PostSubject
#1674   FAS....$69.50 WOW!!! CJAKE1 05/17/13 01:06:29 PM
#1673   $65.31...52 Week HIGH! FAS CJAKE1 05/14/13 09:51:18 AM
#1672   FAS closed above $64....Nice!! CJAKE1 05/08/13 04:08:21 PM
#1671   FAS...Nice pop. Broke through $61.50 CJAKE1 05/06/13 01:10:36 PM
#1670   $61.50 Looked Great!! FAS CJAKE1 05/06/13 11:48:09 AM
#1669   FAS at HOD $53.30 CJAKE1 04/19/13 02:34:12 PM
#1668   FAS and Financials way down today CJAKE1 04/15/13 01:26:53 PM
#1667   FAS off HOD...Up over a Buck $$$$$ CJAKE1 04/10/13 09:50:32 AM
#1666   FAS very Green...Going Up! CJAKE1 04/08/13 03:35:43 PM
#1665   FAS at HOD....Looking Good! CJAKE1 04/08/13 01:46:24 PM
#1664   FAS only 10 cents off HOD...Not bad CJAKE1 04/04/13 04:52:22 PM
#1663   Hoping to 4 dividends soon cyb 04/03/13 05:41:58 PM
#1662   FAS at $53++ looks Funny compared to the $160's CJAKE1 04/03/13 11:29:50 AM
#1661   3 for 1 forward split. Were getting back cyb 04/02/13 04:39:19 PM
#1660   FAS fought back. Came up into Close CJAKE1 03/27/13 06:34:20 PM
#1659   FAS up about $.50 this a.m. CJAKE1 03/26/13 08:20:42 AM
#1658   FAS $168++ CJAKE1 03/14/13 03:08:11 PM
#1657   FAS topped $166.. Dropped back CJAKE1 03/11/13 03:44:26 PM
#1656   FAS $164++ HOD CJAKE1 03/08/13 03:02:29 PM
#1655   FAS almost $161.50...Nice! CJAKE1 03/07/13 11:42:59 AM
#1654   FAS above $160...Like That!! CJAKE1 03/07/13 09:58:26 AM
#1653   FAS pulling back from $160 CJAKE1 03/06/13 03:35:03 PM
#1652   FAS could hit $160 CJAKE1 03/06/13 10:09:28 AM
#1651   FAZ 1 for 4. Makes FAS look much better! CJAKE1 03/05/13 03:41:10 PM
#1650   Here is the news directly from Direxion: Porgie Tirebiter 03/05/13 12:04:30 PM
#1649   split schedule realfast95 03/05/13 10:31:57 AM
#1648   FAS up a buck right now CJAKE1 03/01/13 03:49:39 PM
#1647   FAS just climbed back to EVEN CJAKE1 02/26/13 12:07:13 PM
#1646   FAS still more than 12X FAZ CJAKE1 02/25/13 02:32:07 PM
#1645   FAS closed HOD. Yet well below $155+ CJAKE1 02/22/13 04:48:06 PM
#1644   FAS $155.50++ HOD. CJAKE1 02/19/13 02:03:29 PM
#1643   FAS $153+ FAZ $11.60, Huge Multiple CJAKE1 02/14/13 05:03:37 PM
#1642   FAS doing Big nose dive right now CJAKE1 02/13/13 02:50:12 PM
#1641   WOW!!! FAS violent up...then Down CJAKE1 02/13/13 09:52:42 AM
#1640   FAS $149.64 fo far...FAZ below $12 CJAKE1 02/11/13 10:17:19 AM
#1639   FAS even higher! CJAKE1 02/11/13 09:48:38 AM
#1638   FAZ closed below $12, Big Differential!!FAS CJAKE1 02/08/13 04:55:29 PM
#1637   Multiple slightly higher FAS/FAZ CJAKE1 02/08/13 04:54:22 PM
#1636   Loving it. I I hold a ton of cyb 02/07/13 05:04:41 AM
#1635   FAS close to HOD...May close at HOD CJAKE1 02/06/13 03:50:41 PM
#1634   $148.25 Multiple even Higher FAS CJAKE1 02/06/13 01:09:35 PM
#1633   FAS getting back yesterdays losses CJAKE1 02/05/13 11:36:54 AM
#1632   Heck of a multiple. They used to keep CJAKE1 02/01/13 04:01:23 PM
#1631   Yeah, it's pretty surprising to me that that Porgie Tirebiter 02/01/13 03:59:08 PM
#1630   FAS new HOD $148.08 CJAKE1 02/01/13 11:57:48 AM
#1629   Over $146 FAS split coming??? CJAKE1 02/01/13 10:43:39 AM
#1628   FAS...When will the split occur?? CJAKE1 01/31/13 09:45:56 AM
#1627   FAS...Multiple Growing CJAKE1 01/29/13 02:36:02 PM
#1626   FAS is such a high multiple of FAZ... SPLIT??? CJAKE1 01/29/13 02:22:19 PM
#1625   Interesting point there. FAZ has done R/S and Fa$tlane 01/15/13 07:53:00 PM
PostSubject