Direxion Financial Bull 3X Shares (FAS) ETF
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Direxion Financial Bull 3X Shares (FAS) ETF Bio
The investment objective of the Direxion Daily Financial Bull 3x Shares ETF seeks daily investment results of 300% of the performance of the Russell 1000 Financial Services Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000 Financial Services Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include" futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds, etc.