Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Plays On Strong Performance


Dallas, Texas 04/15/2014 (FINANCIALSTRENDS) –  Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) like other ETFs in its peer group has been gaining from some recent growth performance.

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) as one of the leading financial sector ETF it has been bearish with 2.57% high. However, FAZ was down quite sizeably at 2.66%.

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) is the same league of players as EWA, EMIF or the OTR ETFs in its peer group. In comparison to some of the more famous peers such as PWC or PowerShares Dynamic Market which currently trades on the market at prices as high as $68.86 and continues to gain, with latest gain at 0.75%, FAS definitely holds the upper edge with stock price currently at $83.77 per share and continued gains of 2.16% at the close of the previous trading session.

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) looks to achieve high returns, to the tune of 300%, on the Russell 1000 Financial Services Index. This ETF is on daily investment results and is one of the subsets of the Russell 100 Index. This Index typically noted the performance of securities of financial service providers, of the large cap variety – belonging to the United States Equity Market.

Direxion Daily Financial Bull 3X Shares(NYSEARCA:FAS) is also known to be a key player in such financial sectors  such as bank, real estate especially investment trust as well as financial data as well as systems. The company is also engaged in asset management, besides custodian as well as securities brokerage.

Currently services the company also provides such contracts as indices, equity caps, floors, swap agreements as well as short positions, exchanges traded on funds as well as financial instruments.

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)  has been working with Rafferty Asset Management as the fund’s adviser.