Volume Spike Investor

Direxion has leveraged ETF’s which have become the go-to trading instruments for traders and investors.  The Direxion Financial Bull 3X Shares (NYSE: FAS) is the triple-bullish leverage ETF for financial stocks.  This has become such an actively traded ETF with such a low share price that it now commands some of the largest percentages of transactions in all ETF’s and in all equities.  Today marked a massive hurdle….. almost 350 MILLION SHARES traded hands.  That compared to about 93 million shares on average.  The ETF’s counterpart is the Direxion Financial Bear 3X Shares (NYSE: FAZ) is the triple-bearish leveraged ETF for financials.

These have only been trading since November 2008.  We do not know if the will both do this or not, but we have just about every reason to believe that a reverse stock split is coming in at least the “FAS” ETF.  Full Story at 24/7 Wall St.

JON C. OGG