Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 12-Month High – Here’s What Happened

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) reached a new 52-week high during trading on Wednesday . The company traded as high as $163.07 and last traded at $162.13, with a volume of 435799 shares trading hands. The stock had previously closed at $139.99.

Direxion Daily Financial Bull 3X Shares Stock Up 2.3 %

The business’s 50 day simple moving average is $134.94 and its 200 day simple moving average is $117.15.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in FAS. Jane Street Group LLC lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 4.1% in the first quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock valued at $7,263,000 after purchasing an additional 2,539 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the second quarter worth approximately $44,000. Toth Financial Advisory Corp increased its position in Direxion Daily Financial Bull 3X Shares by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 250 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the second quarter worth approximately $1,149,000. Finally, PNC Financial Services Group Inc. increased its position in Direxion Daily Financial Bull 3X Shares by 11.4% during the third quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 832 shares during the last quarter. Hedge funds and other 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.