Direxion Daily Financial Bull 3X Shares Target of Unusually Large Options Trading (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the recipient of unusually large options trading activity on Friday. Stock investors bought 6,686 put options on the company. This represents an increase of approximately 76% compared to the average volume of 3,796 put options.

Direxion Daily Financial Bull 3X Shares Trading Up 0.9%

NYSEARCA:FAS traded up $1.47 on Friday, reaching $166.10. The stock had a trading volume of 104,420 shares, compared to its average volume of 769,315. The company has a 50-day moving average of $148.15 and a 200 day moving average of $142.29. The stock has a market cap of $2.37 billion, a P/E ratio of 15.11 and a beta of 2.60. Direxion Daily Financial Bull 3X Shares has a 12-month low of $106.90 and a 12-month high of $184.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc increased its holdings in Direxion Daily Financial Bull 3X Shares by 31.9% during the 3rd quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 79 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of Direxion Daily Financial Bull 3X Shares by 14.3% during the 4th quarter. Bogart Wealth LLC now owns 800 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Direxion Daily Financial Bull 3X Shares by 154.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 621 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth approximately $202,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of Direxion Daily Financial Bull 3X Shares by 7.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 1,246 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 87 shares in the last quarter. 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. 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.