Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Cross Above 200 Day Moving Average – Here’s Why

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $121.41 and traded as high as $167.90. Direxion Daily Financial Bull 3X Shares shares last traded at $164.06, with a volume of 473,110 shares.

Direxion Daily Financial Bull 3X Shares Price Performance

The company’s 50-day simple moving average is $141.83 and its 200 day simple moving average is $121.41.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several large investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 4.1% during the 1st quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock worth $7,263,000 after buying an additional 2,539 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth $44,000. Toth Financial Advisory Corp boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 1.9% during the 3rd 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 during the period. Virtu Financial LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth $1,149,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 worth $1,055,000 after buying an additional 832 shares during the period. 3.51% of the stock is owned by institutional investors.

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.