Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Price Down 2.2%

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price fell 2.2% during trading on Tuesday . The stock traded as low as $128.46 and last traded at $128.86. 33,551 shares were traded during trading, a decline of 95% from the average session volume of 676,451 shares. The stock had previously closed at $131.74.

Direxion Daily Financial Bull 3X Shares Stock Performance

The business’s 50-day moving average price is $119.62 and its two-hundred day moving average price is $109.31.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of FAS. Simplex Trading LLC lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 322.4% in the 1st quarter. Simplex Trading LLC now owns 128,864 shares of the real estate investment trust’s stock worth $14,458,000 after buying an additional 98,356 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the second quarter worth about $44,000. Virtu Financial LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the second quarter valued at approximately $1,149,000. Toth Financial Advisory Corp boosted its stake in Direxion Daily Financial Bull 3X Shares by 134.9% in the first quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 7,078 shares during the period. Finally, Edge Financial Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the first quarter valued at approximately $438,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

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.