Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 134.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,325 shares of the real estate investment trust’s stock after purchasing an additional 7,078 shares during the quarter. Toth Financial Advisory Corp owned about 0.06% of Direxion Daily Financial Bull 3X Shares worth $1,383,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FAS. IMC Chicago LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at approximately $1,494,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $622,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $413,000. Viewpoint Capital Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $264,000. Finally, McAdam LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $243,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Trading Up 1.1 %

NYSEARCA:FAS opened at $100.99 on Friday. Direxion Daily Financial Bull 3X Shares has a 1-year low of $48.73 and a 1-year high of $113.08. The company’s fifty day moving average price is $103.00 and its 200-day moving average price is $96.73.

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.