Direxion Daily Financial Bull 3X Shares (FAS) To Go Ex-Dividend on December 10th

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Wednesday, December 10th will be paid a dividend of 12.0949 per share by the real estate investment trust on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 30.2%. The ex-dividend date is Wednesday, December 10th. This is a 2,997.6% increase from Direxion Daily Financial Bull 3X Shares’s previous quarterly dividend of $0.39.

Direxion Daily Financial Bull 3X Shares Stock Down 3.9%

FAS opened at $160.18 on Thursday. The stock’s 50 day moving average price is $164.30 and its two-hundred day moving average price is $166.17. The firm has a market capitalization of $2.47 billion, a P/E ratio of 15.11 and a beta of 3.02. Direxion Daily Financial Bull 3X Shares has a 12-month low of $92.66 and a 12-month high of $189.23.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morse Asset Management Inc increased its stake in Direxion Daily Financial Bull 3X Shares by 31.9% in the third quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 79 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in Direxion Daily Financial Bull 3X Shares by 4.8% during the first quarter. Tocqueville Asset Management L.P. now owns 2,175 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 100 shares in the last quarter. Addison Advisors LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter valued at approximately $29,000. Bogart Wealth LLC grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 40.0% in the 3rd quarter. Bogart Wealth LLC now owns 700 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 200 shares during the period. Finally, Ellis Investment Partners LLC grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 13.0% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,744 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 315 shares during the period. Institutional investors own 3.51% of the company’s stock.

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.