Direxion Daily Financial Bull 3X Shares $FAS Holdings Cut by Virtu Financial LLC

Virtu Financial LLC lowered its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 58.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,214 shares of the real estate investment trust’s stock after selling 14,472 shares during the period. Virtu Financial LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Morse Asset Management Inc increased its stake in shares of 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 worth $58,000 after acquiring an additional 79 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in 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 valued at $210,000 after purchasing an additional 87 shares during the last quarter. Bogart Wealth LLC boosted its position in Direxion Daily Financial Bull 3X Shares by 14.3% during the fourth quarter. Bogart Wealth LLC now owns 800 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 100 shares during the last quarter. 1248 Management LLC grew its stake in Direxion Daily Financial Bull 3X Shares by 7.7% in the fourth quarter. 1248 Management LLC now owns 1,400 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 100 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in Direxion Daily Financial Bull 3X Shares by 7.5% in the fourth quarter. Ieq Capital LLC now owns 1,512 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 105 shares in the last quarter. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of FAS stock opened at $146.37 on Friday. 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 stock’s 50-day moving average is $135.76 and its two-hundred day moving average is $144.00. The firm has a market cap of $2.28 billion, a P/E ratio of 15.11 and a beta of 2.61.

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. 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.