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

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the target of unusually large options trading on Monday. Investors purchased 5,790 put options on the stock. This represents an increase of approximately 53% compared to the typical daily volume of 3,792 put options.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd increased its stake in Direxion Daily Financial Bull 3X Shares by 5,950.9% during 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 in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $6,604,000. Virtu Financial LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $4,392,000. Quadrature Capital Ltd grew its holdings in shares of 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 valued at $6,196,000 after buying an additional 24,203 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at about $3,416,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of NYSEARCA FAS traded up $2.35 during midday trading on Monday, hitting $166.20. 346,645 shares of the stock traded hands, compared to its average volume of 800,190. The company has a market cap of $2.46 billion, a PE ratio of 15.11 and a beta of 2.60. Direxion Daily Financial Bull 3X Shares has a one year low of $106.90 and a one year high of $184.74. The business has a 50 day moving average price of $138.80 and a two-hundred day moving average price of $142.76.

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.