Elevatus Welath Management Has $2.71 Million Position in Direxion Daily Financial Bull 3X Shares $FAS

Elevatus Welath Management lessened its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 48.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,225 shares of the real estate investment trust’s stock after selling 14,361 shares during the period. Elevatus Welath Management owned about 0.10% of Direxion Daily Financial Bull 3X Shares worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FAS. IMC Chicago LLC raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 396.0% in the third quarter. IMC Chicago LLC now owns 54,057 shares of the real estate investment trust’s stock worth $9,617,000 after purchasing an additional 43,158 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $2,989,000. Modern Wealth Management LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the second quarter valued at approximately $2,391,000. Jump Financial LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter worth $1,416,000. Finally, Avestar Capital LLC raised its position in Direxion Daily Financial Bull 3X Shares by 49.3% in the 2nd quarter. Avestar Capital LLC now owns 23,590 shares of the real estate investment trust’s stock valued at $3,977,000 after buying an additional 7,792 shares during the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Trading Down 2.5%

Shares of NYSEARCA:FAS opened at $120.66 on Thursday. The stock has a market cap of $1.85 billion, a PE ratio of 15.11 and a beta of 3.02. The stock’s fifty day simple moving average is $150.84 and its two-hundred day simple moving average is $162.79. Direxion Daily Financial Bull 3X Shares has a 1-year low of $92.66 and a 1-year high of $184.74.

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.