Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Price Cross Above Two Hundred Day Moving Average of $110.39

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $110.39 and traded as high as $129.68. Direxion Daily Financial Bull 3X Shares shares last traded at $127.70, with a volume of 611,911 shares changing hands.

Direxion Daily Financial Bull 3X Shares Trading Down 1.6 %

The company has a fifty day moving average of $120.93 and a two-hundred day moving average of $110.39.

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

Several hedge funds have recently added to or reduced their stakes in FAS. Virtu Financial LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $622,000. Grandview Asset Management LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 1st quarter valued at $269,000. Private Capital Management LLC grew its position in Direxion Daily Financial Bull 3X Shares by 20.5% in the 4th quarter. Private Capital Management LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $826,000 after acquiring an additional 1,700 shares during the last quarter. Toth Financial Advisory Corp grew its position in Direxion Daily Financial Bull 3X Shares by 134.9% in the 1st quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 7,078 shares during the last quarter. Finally, Edge Financial Advisors LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the first quarter worth $438,000. 3.51% of the stock is currently 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.