1,370 Shares in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Purchased by World Equity Group Inc.

World Equity Group Inc. bought a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,370 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other large investors have also modified their holdings of the business. Addison Advisors LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $39,000. Hollencrest Capital Management purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $42,000. Silicon Valley Capital Partners purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $64,000. Ellis Investment Partners LLC boosted its position in shares of Direxion Daily Financial Bull 3X Shares by 29.4% during the fourth quarter. Ellis Investment Partners LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 507 shares during the period. Finally, Bogart Wealth LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $121,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of NYSEARCA:FAS opened at $172.63 on Tuesday. Direxion Daily Financial Bull 3X Shares has a 1 year low of $92.06 and a 1 year high of $187.15. The business has a 50 day simple moving average of $165.69 and a two-hundred day simple moving average of $150.69. The firm has a market capitalization of $2.68 billion, a PE ratio of 16.35 and a beta of 3.20.

Direxion Daily Financial Bull 3X Shares 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.