Capital Investment Advisors LLC Has $3.21 Million Position in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Capital Investment Advisors LLC reduced its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,251 shares of the real estate investment trust’s stock after selling 96 shares during the quarter. Capital Investment Advisors LLC owned 0.13% of Direxion Daily Financial Bull 3X Shares worth $3,208,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter valued at $1,149,000. Edge Financial Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $443,000. Commonwealth Equity Services LLC increased its stake in shares of Direxion Daily Financial Bull 3X Shares by 126.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 2,298 shares in the last quarter. James J. Burns & Company LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $234,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $226,000. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of NYSEARCA:FAS opened at $143.57 on Tuesday. The business has a fifty day moving average of $161.51 and a 200-day moving average of $136.85. Direxion Daily Financial Bull 3X Shares has a twelve month low of $77.68 and a twelve month high of $184.88.

Direxion Daily Financial Bull 3X Shares 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.