{"id":4532,"date":"2022-01-12T09:30:48","date_gmt":"2022-01-12T09:30:48","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=4532"},"modified":"2022-01-12T09:30:48","modified_gmt":"2022-01-12T09:30:48","slug":"fas-the-first-etf-to-double-in-7-5-hours-2","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/fas-the-first-etf-to-double-in-75-hours\/","title":{"rendered":"FAS: The First ETF to Double in 7.5 Hours"},"content":{"rendered":"<p>As was noted in a previous article, Direxion is making a splash on the ETF landscape. Their 3x ETF products track indexes at three-times the returns (and losses) of a regular ETF. It seems they\u2019re already making waves.<\/p>\n<p>The recently introduced Direxion Financial Bull 3x ETF (FAS) wasted no time in setting a new record that will likely stand for a while. The price of FAS traveled more than 100% in less than 8 market hours. At 2:43pm on Friday, 11\/21\/08, the nitro-loaded ETF hit a low of $11.72. Today, Monday 11\/24\/08, at 3:43pm it hit an intra-day high of $23.95. A cool +104% gain in 7.5 hours on the market clock.<\/p>\n<p>The daily performance for the ETF (that began trading only 12 market days ago) was \u201conly\u201d +31.2% today due a minor (-12.3%) pullback in late trading. The chart shows the minute-by-minute action for FAS over the past two days.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4533 size-full\" src=\"https:\/\/investwithanedge.com\/wp-content\/uploads\/2022\/01\/FAS-The-First-ETF-to-Double-in-7.5-Hours.jpg\" alt=\"\" width=\"674\" height=\"432\" srcset=\"https:\/\/investwithanedge.com\/wp-content\/uploads\/2022\/01\/FAS-The-First-ETF-to-Double-in-7.5-Hours-300x192.jpg 300w, https:\/\/investwithanedge.com\/wp-content\/uploads\/2022\/01\/FAS-The-First-ETF-to-Double-in-7.5-Hours.jpg 674w\" sizes=\"(max-width: 674px) 100vw, 674px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As was noted in a previous article, Direxion is making a splash on the ETF landscape. Their 3x ETF products track indexes at three-times the returns (and losses) of a regular ETF. It seems they\u2019re already making waves. The recently introduced Direxion Financial Bull 3x ETF (FAS) wasted no time in setting a new record &hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/4532"}],"collection":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/comments?post=4532"}],"version-history":[{"count":1,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/4532\/revisions"}],"predecessor-version":[{"id":4534,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/4532\/revisions\/4534"}],"wp:attachment":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/media?parent=4532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}