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

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares were down 4.8% during trading on Friday . The stock traded as low as $141.10 and last traded at $143.22. Approximately 14,267 shares traded hands during trading, a decline of 99% from the average daily 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.

A number of hedge funds have recently bought and sold shares of FAS. Stratos Wealth Partners LTD. acquired a new stake in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at $396,000. Brookstone Capital Management increased 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 during the period. Silverleafe Capital Partners LLC increased its stake in shares of Direxion Daily Financial Bull 3X Shares by 28.5% during the fourth quarter. Silverleafe Capital Partners LLC now owns 29,065 shares of the real estate investment trust’s stock valued at $3,800,000 after acquiring an additional 6,443 shares during the period. Squarepoint Ops LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth approximately $785,000. Finally, LifePro Asset Management purchased a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $330,000. 2.29% of the stock is currently owned by hedge funds and other 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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