Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $132.62 and traded as high as $159.10. Direxion Daily Financial Bull 3X Shares shares last traded at $154.83, with a volume of 764,373 shares trading hands.

Direxion Daily Financial Bull 3X Shares Stock Down 2.4 %

The business’s 50 day moving average price is $159.85 and its 200-day moving average price is $132.62.

Hedge Funds Weigh In On Direxion Daily Financial Bull 3X Shares

Hedge funds have recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in Direxion Daily Financial Bull 3X Shares by 1.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock valued at $1,740,000 after buying an additional 250 shares during the period. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $39,000. Hollencrest Capital Management purchased a new position in Direxion Daily Financial Bull 3X Shares in the third quarter valued at $42,000. Silicon Valley Capital Partners acquired a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth $64,000. Finally, PNC Financial Services Group Inc. increased its holdings 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 worth $1,055,000 after purchasing an additional 832 shares during the period. Institutional investors and hedge funds 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.