Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 1-Year High – Should You Buy?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) hit 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 Stock Up 5.3 %

The stock has a 50 day simple moving average of $122.85 and a 200-day simple moving average of $111.45.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Institutional investors have recently bought and sold shares of the stock. Rovin Capital UT ADV lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 4.3% in the 2nd quarter. Rovin Capital UT ADV now owns 6,026 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 248 shares during the last quarter. Covestor Ltd grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 35.2% during the first 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 during the last quarter. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $96,000. Private Capital Management LLC lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 20.5% during the 4th quarter. Private Capital Management LLC now owns 10,000 shares of the real estate investment trust’s stock worth $826,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in 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 period. 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.