Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $181.74 and last traded at $181.74, with a volume of 4460 shares. The stock had previously closed at $180.15.
Direxion Daily Financial Bull 3X Shares Trading Up 0.9 %
The firm has a fifty day simple moving average of $145.90 and a 200-day simple moving average of $123.54.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in Direxion Daily Financial Bull 3X Shares by 4.1% during the 1st quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock worth $7,263,000 after purchasing an additional 2,539 shares during the period. Capital CS Group LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth $374,000. Rovin Capital UT ADV lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 4.3% in the second quarter. Rovin Capital UT ADV now owns 6,026 shares of the real estate investment trust’s stock valued at $609,000 after acquiring an additional 248 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Direxion Daily Financial Bull 3X Shares by 126.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth about $44,000. 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.
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