Notable companies
The most notable companies in this group are Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), Veritex Holdings (NASDAQ:VBTX).
Industry description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Regional Banks Select Industry Index.
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry. The fund is non-diversified.
Market Cap
The average market capitalization across the Direxion Daily Regional Bnks Bull 3X ETF ETF is 3.24B. The market cap for tickers in the group ranges from 366.54M to 52.02B. TFC holds the highest valuation in this group at 52.02B. The lowest valued company is FFIC at 366.54M.
High and low price notable news
The average weekly price growth across all stocks in the Direxion Daily Regional Bnks Bull 3X ETF ETF was 3%. For the same ETF, the average monthly price growth was 24%, and the average quarterly price growth was 81%. BKU experienced the highest price growth at 4%, while ONB experienced the biggest fall at -3%.
Volume
The average weekly volume growth across all stocks in the Direxion Daily Regional Bnks Bull 3X ETF ETF was -25%. For the same stocks of the ETF, the average monthly volume growth was -12% and the average quarterly volume growth was 52%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 72
P/E Growth Rating: 23
Price Growth Rating: 39
SMR Rating: 14
Profit Risk Rating: 50
Seasonality Score: 39 (-100 ... +100)