Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Pass Above 200 Day Moving Average of $106.79

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $106.79 and traded as high as $133.33. Direxion Daily Financial Bull 3X Shares shares last traded at $127.25, with a volume of 643,694 shares traded.

Direxion Daily Financial Bull 3X Shares Price Performance

The stock has a fifty day moving average price of $115.05 and a 200 day moving average price of $106.97.

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

A number of large investors have recently made changes to their positions in FAS. Strategic Financial Concepts LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth $44,000. Headlands Technologies LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the first quarter valued at about $96,000. Covestor Ltd raised its position in Direxion Daily Financial Bull 3X Shares by 35.2% during 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 in the last quarter. Grandview Asset Management LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the first quarter valued at about $269,000. Finally, Capital CS Group LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter valued at about $374,000. 3.51% of the stock is owned by institutional investors.

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.