Simplex Trading LLC lessened its position in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) by 13.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 133,599 shares of the real estate investment trust’s stock after selling 20,304 shares during the period. Simplex Trading LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $20,170,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth $121,000. World Equity Group Inc. purchased a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter worth about $207,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at about $187,000. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at about $191,000. Finally, Meridian Wealth Management LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $226,000. 3.51% of the stock is owned by hedge funds and other institutional investors.
Direxion Daily Financial Bull 3X Shares Stock Performance
Direxion Daily Financial Bull 3X Shares stock opened at $153.92 on Monday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $92.06 and a fifty-two week high of $189.23. The company has a market capitalization of $2.40 billion, a PE ratio of 14.21 and a beta of 3.18. The company has a 50 day moving average price of $167.77 and a 200-day moving average price of $155.45.
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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