Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $130.43 and traded as high as $151.64. Direxion Daily Financial Bull 3X Shares shares last traded at $145.23, with a volume of 717,964 shares traded.

Direxion Daily Financial Bull 3X Shares Price Performance

The business’s 50-day simple moving average is $158.87 and its two-hundred day simple moving average is $130.76.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new position in Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at $44,000. Toth Financial Advisory Corp lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 1.9% in the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after buying an additional 250 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the second quarter worth about $1,149,000. PNC Financial Services Group Inc. grew its stake in Direxion Daily Financial Bull 3X Shares by 11.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 832 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Direxion Daily Financial Bull 3X Shares by 20.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 3.51% of the company’s stock.

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.