FAS Direxion Daily Financial Bull 3X Shares ETF
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About FAS Direxion Daily Financial Bull 3X Shares ETF
The fund tracks the Financial Select Sector TR Index, seeking to achieve the same-day return of the index positively leveraged by 300% before deducting various fees and expenses. At least 80% of the net assets (including borrowings for investment purposes) are invested in financial instruments, such as swap agreements, index securities, exchange-traded funds ('ETFs') tracking the index, and other financial instruments providing daily leveraged exposure for ETFs tracking the index. The index includes securities from the following industry companies: banks, savings and loan financing, diversified financial services, consumer finance, capital markets, insurance, and mortgage real estate investment trusts.
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