FAS delivers 3x daily returns of the financial sector, making it suitable only for short-term, tactical trading—not long-term holding. Compounding and daily resets can lead to significant value decay ...
The Direxion Daily Financial Bull 3X Shares ETF tracks a concentrated index of US financials exhibiting a large capitalization tilt. FAS's top ten holdings trade at a forward P/E of 20.96 and have an ...
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