Skip to Main Content

Upcoming Income Distributions

Leveraged & Inverse ETFs

Direxion Daily Financial Bull & Bear 3X Shares

The Direxion Daily Financial Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Financial Select Sector Index. There is no guarantee the funds will achieve their stated investment objective.

Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.

FAS

NAV (Net Asset Value)$151.21As of Dec 20, 2024
1 Day NAV change$+5.91(+4.06%)As of Dec 20, 2024

FAZ

NAV (Net Asset Value)$6.41As of Dec 20, 2024
1 Day NAV change$-0.27(-4.01%)As of Dec 20, 2024
FASDirexion Daily Financial Bull 3X Shares
Daily Target+300%
Intra-day ValueFAS.IV
Daily NAV$151.21
Daily Market Price$151.27
Expense Ratio
(gross/net %)
0.94 / 0.94*
Daily Volume
Security Identifier25459Y694
Inception DateNov 06, 2008
FAZDirexion Daily Financial Bear 3X Shares
Daily Target-300%
Intra-day ValueFAZ.IV
Daily NAV$6.41
Daily Market Price$6.40
Expense Ratio
(gross/net %)
1.08 / 1.08*
Daily Volume
Security Identifier25460E240
Inception DateNov 06, 2008

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today

Documents & Downloads

  • FAS FAZ Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • FAS Prospectus
  • FAZ Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that are 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 12/20/2024.

FAS Direxion Daily Financial Bull 3X Shares
Net Asset Value (NAV)
$151.21Nav
$+5.91Change
+4.06%Change
Market Price Closing
$151.27Market
$+6.04Change
+4.16%Change
Premium / Discount
$+0.06Change from Last Day Trading
Premium/Discount tool
FAZ Direxion Daily Financial Bear 3X Shares
Net Asset Value (NAV)
$6.41Nav
$-0.27Change
-4.01%Change
Market Price Closing
$6.40Market
$-0.28Change
-4.19%Change
Premium / Discount
$-0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
FAS NAV
31.02
35.60
121.79
155.88
15.90
16.42
20.40
10.19
0.94 / 0.94*
11/06/2008
FAS Market Close
31.59
36.10
122.07
156.81
16.06
16.45
20.44
10.21
0.94 / 0.94*
11/06/2008
FAZ NAV
-26.53
-29.98
-58.82
-64.41
-34.98
-52.21
-44.53
-54.98
1.08 / 1.08*
11/06/2008
FAZ Market Close
-26.63
-30.07
-58.72
-64.44
-34.92
-52.21
-44.53
-54.98
1.08 / 1.08*
11/06/2008

As of November 30, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.90% for FAS and 0.93% for FAZ. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2025, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Financial Select Sector Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs). One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Berkshire Hathaway Class B
13.41%
JP Morgan Chase
9.54%
Visa Incorporation
7.30%
Mastercard
6.48%
Bk Of America Company
4.26%
Wells Fargo
3.06%
S&P Global Inc
2.63%
The Goldman Sachs Group
2.49%
American Express
2.42%
Progressive
2.36%

View all Index Holdings

View Daily Fund Holdings

Index Sector Weightings

% of Total
Financial Services
31.79%
Banks
24.12%
Capital Markets
23.12%
Insurance
16.76%
Consumer Finance
4.20%
Index data as of 09/30/2024. Index sector weightings and top holdings are subject to change.

Distributions

FAS Direxion Daily Financial Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainReturn of CapitalExpand
09/24/202409/24/202410/01/20240.31608
06/25/202406/25/202407/02/20240.26980
03/20/202403/19/202403/26/20240.36359
12/22/202312/21/202312/29/20230.38289
Record Date09/24/2024
Ex Date09/24/2024
Pay Date10/01/2024
Income Dividend0.31608
Short-Term Capital Gain
Long-Term Capital Gain
Return of Capital
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.26980
Short-Term Capital Gain
Long-Term Capital Gain
Return of Capital
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.36359
Short-Term Capital Gain
Long-Term Capital Gain
Return of Capital
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.38289
Short-Term Capital Gain
Long-Term Capital Gain
Return of Capital

FAZ Direxion Daily Financial Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
09/24/202409/24/202410/01/20240.10163
06/25/202406/25/202407/02/20240.14453
03/20/202403/19/202403/26/20240.17961
12/22/202312/21/202312/29/20230.08009
Record Date09/24/2024
Ex Date09/24/2024
Pay Date10/01/2024
Income Dividend0.10163
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.14453
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.17961
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.08009
Short-Term Capital Gain
Long-Term Capital Gain

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Documents

Tax Documents

Download the following Tax Reporting Documents

How to Trade

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

Browse Other Funds

View more of our Leveraged & Inverse ETFs at Direxion. As of December 20, 2024
View All

Subscribe to Newsletters & Operational Updates

Sign up for email and/or text of the important news, including:

  • Fund updates including splits, distributions, launches, and other corporate actions
  • Educational events, such as web seminars and conferences
  • Our latest research and industry trends
Subscribe

Learn About Leveraged & Inverse ETFs

Trading is different than investing. Use our insights and educational resources to make sure you’re ready to trade in Direxion’s Leveraged and Inverse ETFs.

an illustration of a book with a graduate cap on to represent the Direxion University

Leveraged and Inverse ETF Education Center

Educational materials, videos, and self-paced online training.
illustration of an 'X' with candlestick chart elements over the top

The Xchange Newsletter

Leveraged ETF market trends and trading ideas. Read our latest article and subscribe.
an illustration of a video for Leveraged & Inverse ETF Education

Leveraged & Inverse ETF Videos

Short videos to teach you about our Leveraged & Inverse ETFs.