Oakworth Capital Inc. Makes New Investment in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Oakworth Capital Inc. bought a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,520 shares of the real estate investment trust’s stock, valued at approximately $197,000.

Several other institutional investors have also recently made changes to their positions in FAS. Strategic Financial Concepts LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth $44,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the first quarter worth $96,000. Covestor Ltd increased 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 worth $114,000 after purchasing an additional 265 shares during the period. Stratos Wealth Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter worth $210,000. Finally, Capital CS Group LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth $374,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 0.4 %

Direxion Daily Financial Bull 3X Shares stock opened at $144.75 on Wednesday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $48.73 and a fifty-two week high of $151.04. The firm’s fifty day moving average price is $128.63 and its 200-day moving average price is $113.27.

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.