McAdam LLC Acquires Shares of 2,935 Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

McAdam LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,935 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Several other institutional investors also recently bought and sold shares of FAS. Pathstone Family Office LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter valued at approximately $1,232,000. Viewpoint Capital Management LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $264,000. Capital Investment Counsel Inc purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $231,000. Finally, Diligent Investors LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $223,000. 3.51% of the stock is owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Stock Performance

NYSEARCA FAS opened at $97.46 on Wednesday. The stock’s 50 day simple moving average is $102.26 and its 200-day simple moving average is $84.54. Direxion Daily Financial Bull 3X Shares has a 1-year low of $48.73 and a 1-year high of $113.08.

About Direxion Daily Financial Bull 3X Shares

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.