Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Pass Above 200-Day Moving Average of $74.22

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Get Rating)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $74.22 and traded as high as $86.87. Direxion Daily Financial Bull 3X Shares shares last traded at $85.11, with a volume of 955,302 shares.

Direxion Daily Financial Bull 3X Shares Stock Down 1.6 %

The firm’s fifty day moving average is $79.31 and its 200-day moving average is $74.39.

Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG lifted its stake in Direxion Daily Financial Bull 3X Shares by 13.8% in the 3rd quarter. Credit Suisse AG now owns 98,397 shares of the real estate investment trust’s stock worth $5,334,000 after purchasing an additional 11,940 shares in the last quarter. Jane Street Group LLC grew its holdings in Direxion Daily Financial Bull 3X Shares by 168.1% in the 3rd quarter. Jane Street Group LLC now owns 58,379 shares of the real estate investment trust’s stock worth $3,164,000 after acquiring an additional 36,600 shares during the last quarter. UBS Group AG grew its holdings in Direxion Daily Financial Bull 3X Shares by 38.8% in the 1st quarter. UBS Group AG now owns 31,110 shares of the real estate investment trust’s stock worth $3,658,000 after acquiring an additional 8,700 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Direxion Daily Financial Bull 3X Shares by 175.1% during the 3rd quarter. Virtu Financial LLC now owns 26,354 shares of the real estate investment trust’s stock valued at $1,429,000 after purchasing an additional 16,774 shares in the last quarter. Finally, X Square Capital LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 2nd quarter valued at about $1,602,000. 2.66% of the stock is owned by institutional investors.

About Direxion Daily Financial Bull 3X Shares

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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.