Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Pass Above 200 Day Moving Average of $106.79

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $106.79 and traded as high as $133.33. Direxion Daily Financial Bull 3X Shares shares last traded at $127.25, with a volume of 643,694 shares.

Direxion Daily Financial Bull 3X Shares Stock Performance

The firm has a 50 day moving average price of $115.05 and a 200-day moving average price of $106.97.

Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 322.4% in the first quarter. Simplex Trading LLC now owns 128,864 shares of the real estate investment trust’s stock worth $14,458,000 after acquiring an additional 98,356 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth about $44,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth about $1,494,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth about $1,149,000. Finally, Toth Financial Advisory Corp increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 134.9% in the first quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock worth $1,383,000 after acquiring an additional 7,078 shares in the last quarter. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Company Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.