Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Gap Up to $24.23

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) gapped up prior to trading on Wednesday . The stock had previously closed at $22.81, but opened at $24.23. Direxion Daily Financial Bull 3X Shares shares last traded at $27.80, with a volume of 9,527,500 shares trading hands.

The business has a 50 day moving average of $48.86 and a 200-day moving average of $78.88.

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at approximately $5,370,000. Credit Suisse AG raised its holdings in Direxion Daily Financial Bull 3X Shares by 187.5% in the 4th quarter. Credit Suisse AG now owns 24,874 shares of the real estate investment trust’s stock valued at $2,354,000 after acquiring an additional 16,223 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at $1,769,000. Blue Chip Wealth Management Inc. raised its holdings in Direxion Daily Financial Bull 3X Shares by 2.4% in the 4th quarter. Blue Chip Wealth Management Inc. now owns 13,554 shares of the real estate investment trust’s stock valued at $1,283,000 after acquiring an additional 317 shares during the last quarter. Finally, Simplex Trading LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at $673,000.

Direxion Daily Financial Bull 3X Shares Company Profile (NYSEARCA:FAS)

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.

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