Group One Trading LLC Invests $1.04 Million in Direxion Daily Financial Bull 3X Shares $FAS

Group One Trading LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the first quarter, Holdings Channel reports. The fund purchased 8,767 shares of the real estate investment trust’s stock, valued at approximately $1,039,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 5,950.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock valued at $31,034,000 after purchasing an additional 171,564 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Direxion Daily Financial Bull 3X Shares during the third quarter worth $6,604,000. Quadrature Capital Ltd increased its position in Direxion Daily Financial Bull 3X Shares by 192.0% during the fourth quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock worth $6,196,000 after buying an additional 24,203 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the third quarter valued at about $4,392,000. Finally, Jump Financial LLC raised its holdings in Direxion Daily Financial Bull 3X Shares by 423.5% during the fourth quarter. Jump Financial LLC now owns 19,328 shares of the real estate investment trust’s stock valued at $3,253,000 after buying an additional 15,636 shares in the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of NYSEARCA:FAS opened at $166.59 on Thursday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $106.90 and a fifty-two week high of $184.74. The business has a 50-day moving average of $147.46 and a two-hundred day moving average of $142.32. The stock has a market capitalization of $2.37 billion, a P/E ratio of 15.11 and a beta of 2.60.

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.