Commonwealth Equity Services LLC Increases Stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Commonwealth Equity Services LLC boosted its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 126.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,111 shares of the real estate investment trust’s stock after acquiring an additional 2,298 shares during the period. Commonwealth Equity Services LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $415,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FAS. Headlands Technologies LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the 1st quarter valued at about $96,000. Covestor Ltd increased its position in shares of Direxion Daily Financial Bull 3X Shares by 35.2% during the first quarter. Covestor Ltd now owns 1,017 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 265 shares during the last quarter. Grandview Asset Management LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 1st quarter valued at approximately $269,000. Capital CS Group LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $374,000. Finally, Edge Financial Advisors LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the 1st quarter valued at approximately $438,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 1.0 %

Shares of NYSEARCA FAS opened at $131.27 on Monday. The stock has a fifty day simple moving average of $119.28 and a 200-day simple moving average of $109.09. Direxion Daily Financial Bull 3X Shares has a twelve month low of $48.73 and a twelve month high of $135.30.

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.