Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) was one of the biggest gainer among the ETFs on Friday. The fund rallied 4.80% to close at $22.05. The Financial Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000 Financial Services Index.
Direxion Daily Financial Bear 3X Shares (NYSEArca: FAZ) was the biggest loser among the ETFs. The fund slumped 4.76% to close at $14.79. The Financial Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index.
Standard & Poor's Depositary Re (NYSEArca: SPY), as usual, was the most active ETFs by share volume. The fund seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks. SPY closed at $107.96, and had a volume of 253.59M shares.
Disclosure: Author doesn't own any of the stocks discussed here.
