Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 52-Week High – Here’s What Happened

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $137.65 and last traded at $136.88, with a volume of 206263 shares trading hands. The stock had previously closed at $131.80.

Direxion Daily Financial Bull 3X Shares Trading Up 5.5 %

The business has a 50-day moving average price of $123.51 and a 200-day moving average price of $111.71.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

A number of institutional investors and hedge funds have recently modified their holdings of FAS. Strategic Financial Concepts LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the second quarter valued at approximately $44,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the first quarter valued at approximately $96,000. Covestor Ltd boosted its stake in Direxion Daily Financial Bull 3X Shares by 35.2% in the 1st quarter. Covestor Ltd now owns 1,017 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 265 shares in the last quarter. Grandview Asset Management LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the 1st quarter valued at $269,000. Finally, Capital CS Group LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at $374,000. 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.