Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Down 4.8%

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) fell 4.8% during mid-day trading on Friday . The stock traded as low as $141.10 and last traded at $143.22. 14,267 shares were traded during trading, a decline of 99% from the average session volume of 1,713,690 shares. The stock had previously closed at $150.41.

The company has a 50-day simple moving average of $135.24 and a 200-day simple moving average of $125.55.

Several institutional investors have recently modified their holdings of FAS. Brookstone Capital Management grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 2.0% during the fourth quarter. Brookstone Capital Management now owns 5,100 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 100 shares in the last quarter. Ellis Investment Partners LLC grew its position in Direxion Daily Financial Bull 3X Shares by 150.0% in the third quarter. Ellis Investment Partners LLC now owns 250 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 150 shares during the last quarter. JPMorgan Chase & Co. grew its position in Direxion Daily Financial Bull 3X Shares by 26.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,339 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 280 shares in the last quarter. SG Americas Securities LLC grew its position in Direxion Daily Financial Bull 3X Shares by 12.8% during the 3rd quarter. SG Americas Securities LLC now owns 2,647 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 300 shares in the last quarter. Finally, Regal Investment Advisors LLC grew its position in Direxion Daily Financial Bull 3X Shares by 7.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 6,341 shares of the real estate investment trust’s stock worth $733,000 after purchasing an additional 450 shares in the last quarter. 2.29% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Company Profile (NYSEARCA:FAS)

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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