Shares of Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS – Get Free Report) hit a new 52-week high during trading on Wednesday. The stock traded as high as $187.74 and last traded at $187.6860, with a volume of 846,351 shares. The stock had previously closed at $169.90.
Direxion Daily Financial Bull 3X ETF Trading Up 10.3%
The company has a market cap of $2.42 billion, a PE ratio of 15.11 and a beta of 2.54. The company has a fifty day simple moving average of $161.71 and a two-hundred day simple moving average of $149.84.
Institutional Trading of Direxion Daily Financial Bull 3X ETF
Hedge funds have recently bought and sold shares of the company. Simplex Trading LLC bought a new position in Direxion Daily Financial Bull 3X ETF during the third quarter valued at about $241,000. StoneX Group Inc. acquired a new position in Direxion Daily Financial Bull 3X ETF in the 3rd quarter valued at $173,000. Commonwealth Equity Services LLC bought a new position in shares of Direxion Daily Financial Bull 3X ETF during the 3rd quarter worth about $472,000. Signaturefd LLC acquired a new position in Direxion Daily Financial Bull 3X ETF during the third quarter worth $110,000. Finally, T3 Companies LLC purchased a new position in shares of Direxion Daily Financial Bull 3X ETF in the 3rd quarter worth about $272,000. 3.51% of the stock is currently owned by institutional investors.
About Direxion Daily Financial Bull 3X ETF
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.
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