Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) was one of the biggest gainers among the ETFs on Friday, September 3, 2010. The fund rallied 6.03% to close at $21.62. 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").
Direxion Daily Financial Bear 3X Shares (NYSEArca: FAZ) was one of the biggest losers among the ETFs. The fund slumped 5.93% to close at $13.64. 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 $110.89 and had a volume of 199.788M shares.
Disclosure: Author doesn't own any of the stocks discussed here.
