Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Reaches New 52-Week High at $129.60

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $129.60 and last traded at $129.21, with a volume of 292449 shares. The stock had previously closed at $127.33.

Direxion Daily Financial Bull 3X Shares Stock Up 2.7 %

The business has a fifty day moving average of $112.32 and a 200 day moving average of $105.72.

Hedge Funds Weigh In On Direxion Daily Financial Bull 3X Shares

Several institutional investors have recently modified their holdings of FAS. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth $413,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $1,494,000. Virtu Financial LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at approximately $622,000. Grandview Asset Management LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the 1st quarter valued at approximately $269,000. Finally, Private Capital Management LLC boosted its position in Direxion Daily Financial Bull 3X Shares by 20.5% during the 4th quarter. Private Capital Management LLC now owns 10,000 shares of the real estate investment trust’s stock worth $826,000 after acquiring an additional 1,700 shares during the last quarter. 3.51% of the stock is currently owned by institutional investors and hedge funds.

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.