Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS – Get Free Report)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $162.24 and traded as high as $170.68. Direxion Daily Financial Bull 3X ETF shares last traded at $168.21, with a volume of 354,392 shares.
Direxion Daily Financial Bull 3X ETF Stock Up 4.4%
The company has a market cap of $2.19 billion, a P/E ratio of 15.11 and a beta of 2.62. The firm has a 50 day moving average of $162.24 and a 200-day moving average of $149.78.
Hedge Funds Weigh In On Direxion Daily Financial Bull 3X ETF
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in Direxion Daily Financial Bull 3X ETF in the third quarter worth about $110,000. Bogart Wealth LLC grew its holdings in Direxion Daily Financial Bull 3X ETF by 37.5% during the 1st quarter. Bogart Wealth LLC now owns 1,100 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Direxion Daily Financial Bull 3X ETF during the 3rd quarter worth about $169,000. IMC Chicago LLC purchased a new position in Direxion Daily Financial Bull 3X ETF during the 1st quarter valued at about $221,000. Finally, T3 Companies LLC purchased a new position in Direxion Daily Financial Bull 3X ETF during the 3rd quarter valued at about $272,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
About Direxion Daily Financial Bull 3X ETF
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.
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