SBI Securities Co. Ltd. purchased a new position in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,430 shares of the real estate investment trust’s stock, valued at approximately $669,000.
Several other large investors also recently bought and sold shares of FAS. Strategic Financial Concepts LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $8,206,000. Avestar Capital LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $4,180,000. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $343,000. James J. Burns & Company LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth $234,000. Finally, Meridian Wealth Management LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the third quarter valued at $226,000. Institutional investors own 3.51% of the company’s stock.
Direxion Daily Financial Bull 3X Shares Stock Down 2.6 %
FAS stock opened at $179.78 on Tuesday. Direxion Daily Financial Bull 3X Shares has a twelve month low of $92.06 and a twelve month high of $189.23. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.35 and a beta of 3.20. The firm’s fifty day simple moving average is $168.31 and its two-hundred day simple moving average is $153.02.
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.
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