Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 12-Month High at $113.11

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares reached a new 52-week high on Monday . The stock traded as high as $113.11 and last traded at $112.50, with a volume of 402425 shares. The stock had previously closed at $109.90.

Direxion Daily Financial Bull 3X Shares Stock Performance

The business’s 50-day moving average is $104.00 and its two-hundred day moving average is $98.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the first quarter valued at approximately $96,000. Covestor Ltd boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 35.2% in the first quarter. Covestor Ltd now owns 1,017 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 265 shares in the last quarter. Diligent Investors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $223,000. Capital Investment Counsel Inc bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $231,000. Finally, McAdam LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $243,000. 3.51% of the stock is owned by institutional investors and hedge funds.

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.