ETF Update: FAS, FAZ, SPY
Friday, August 27, 2021 6:13 PM

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Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) was one of the biggest gainers among the ETFs on Friday, August 27, 2010. The fund rallied 6.09% to close at $18.64. 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 ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.

Direxion Daily Financial Bear 3X Shares (NYSEArca: FAZ) was one of the biggest losers among the ETFs. The fund slumped 6.32% to close at $16.16. 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 ("Financial Index").

Standard & Poor's Depositary Re (NYSEArca: SPY), as usual, was the most active ETF 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 $106.86 and had a volume of 271.964M shares.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • ETF Update: FAS, FAZ, SPY Aug 27, 2021 06:13 PM

    Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) was one of the biggest gainers among the ETFs on Friday, August 27, 2010.

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