This leveraged ETF seeks daily investment results of 300% of the performance of the Russell 1000 Financial Services Index. It provides amplified exposure to U.S. financial sector stocks, making it a high-risk, high-reward instrument primarily used by short-term traders. The fund's extreme volatility and daily reset mechanism make it unsuitable for buy-and-hold investors.
3 members of Congress have disclosed 11 trades in Direxion Daily Financial Bull 3X ETF (FAS), a Financial Services company. The buy/sell breakdown shows 5 purchases versus 6 sales, indicating net selling pressure from lawmakers. All data is sourced from STOCK Act periodic transaction reports filed with Congress.
| Date | Politician | Type | Amount |
|---|---|---|---|
| 2022-10-25 | Daniel Crenshaw | buy | $1K – $15K |
| 2022-01-10 | Daniel Crenshaw | sell | $15K – $50K |
| 2020-11-11 | Michael Garcia | sell | $15K – $50K |
| 2020-11-09 | Michael Garcia | sell | $15K – $50K |
| 2020-11-05 | Michael Garcia | sell | $15K – $50K |
| 2020-10-26 | Michael Garcia | buy | $15K – $50K |
| 2020-07-09 | Michael Garcia | buy | $1K – $15K |
| 2020-06-11 | Daniel Crenshaw | buy | $1K – $15K |
| 2020-06-03 | Michael Garcia | sell | $1K – $15K |
| 2020-03-25 | Daniel Crenshaw | buy | $1K – $15K |
| 2018-03-16 | MIKE KELLY | sell | $50K – $100K |