Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Gap Up – Here’s What Happened

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $141.70, but opened at $145.00. Direxion Daily Financial Bull 3X Shares shares last traded at $144.19, with a volume of 181,127 shares trading hands.

Direxion Daily Financial Bull 3X Shares Price Performance

The company has a 50 day moving average price of $126.16 and a 200 day moving average price of $112.39.

Hedge Funds Weigh In On Direxion Daily Financial Bull 3X Shares

Several hedge funds have recently added to or reduced their stakes in FAS. Strategic Financial Concepts LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter valued at $44,000. Headlands Technologies LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the first quarter valued at about $96,000. Covestor Ltd increased its holdings in 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 valued at $114,000 after purchasing an additional 265 shares during the last quarter. Grandview Asset Management LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the first quarter valued at about $269,000. Finally, Capital CS Group LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the second quarter worth about $374,000. Institutional investors own 3.51% of the company’s stock.

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.