Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Cross Above 200 Day Moving Average – Here’s Why

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $130.43 and traded as high as $151.64. Direxion Daily Financial Bull 3X Shares shares last traded at $145.23, with a volume of 717,964 shares.

Direxion Daily Financial Bull 3X Shares Stock Up 0.8 %

The stock has a fifty day moving average price of $158.62 and a two-hundred day moving average price of $130.43.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several institutional investors have 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 during the second quarter valued at about $44,000. Virtu Financial LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at about $1,149,000. Edge Financial Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $443,000. Commonwealth Equity Services LLC lifted its holdings in Direxion Daily Financial Bull 3X Shares by 126.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 2,298 shares during the period. Finally, James J. Burns & Company LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth about $234,000. Institutional investors 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.