Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 12-Month High – Here’s What Happened

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $148.83 and last traded at $148.83, with a volume of 5027 shares traded. The stock had previously closed at $147.85.

Direxion Daily Financial Bull 3X Shares Price Performance

The business’s 50-day moving average price is $126.16 and its two-hundred day moving average price is $112.39.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the first quarter worth $96,000. Covestor Ltd lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 35.2% during the 1st quarter. Covestor Ltd now owns 1,017 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 265 shares during the last quarter. Grandview Asset Management LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the first quarter valued at about $269,000. Capital CS Group LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the second quarter valued at about $374,000. Finally, Edge Financial Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the first quarter valued at about $438,000. 3.51% of the stock is owned by institutional investors and hedge funds.

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.