In today’s session Direxion Daily Financial Bull 3X Shares (FAS) registered an unusually high (195) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FAS increase. With 195 contracts traded and 61544 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FAS170120C00037500 closed last at: $2.11 or 1.4% up. Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) has risen 29.89% since April 26, 2016 and is uptrending. It has outperformed by 24.63% the S&P500.
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 $1.13 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.
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 Nasdaq.com‘s news article titled: “Mid-Day ETF Update: ETFs, Stocks In The Red as Disappointing Black Friday …” with publication date: November 28, 2016.
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