Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $135.58 and traded as high as $154.55. Direxion Daily Financial Bull 3X Shares shares last traded at $150.68, with a volume of 639,742 shares trading hands.
Direxion Daily Financial Bull 3X Shares Stock Performance
The stock has a 50 day moving average of $160.89 and a 200 day moving average of $135.58.
Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares
A number of hedge funds and other institutional investors have recently modified their holdings of FAS. Strategic Financial Concepts LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 2nd quarter worth $44,000. Virtu Financial LLC acquired 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 stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $443,000. Commonwealth Equity Services LLC lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 126.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 2,298 shares during the last quarter. Finally, James J. Burns & Company LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter worth approximately $234,000. 3.51% of the stock is currently owned by institutional investors.
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.
See Also
- Five stocks we like better than Direxion Daily Financial Bull 3X Shares
- Earnings Per Share Calculator: How to Calculate EPS
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
- How to Use the MarketBeat Stock Screener
- How Buffett’s Best and Worst Stock Bets Have Fared 5 Years Later
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Bill Ackman’s Bold Case for Fannie Mae and Freddie Mac
Receive News & Ratings for Direxion Daily Financial Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Financial Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
