Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Pass Above 200 Day Moving Average – Time to Sell?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FASGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $139.82 and traded as high as $172.94. Direxion Daily Financial Bull 3X Shares shares last traded at $172.09, with a volume of 508,174 shares trading hands.

Direxion Daily Financial Bull 3X Shares Stock Performance

The business has a 50-day moving average price of $162.09 and a 200 day moving average price of $139.82.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $210,000. Toth Financial Advisory Corp increased its position 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 valued at $1,740,000 after purchasing an additional 250 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at about $197,000. Ellis Investment Partners LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $224,000. Finally, Edge Financial Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $443,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Company Profile

(Get Free Report)

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.

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