Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Pass Above 200-Day Moving Average of $83.01

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $83.01 and traded as high as $103.09. Direxion Daily Financial Bull 3X Shares shares last traded at $101.59, with a volume of 578,025 shares traded.

Direxion Daily Financial Bull 3X Shares Price Performance

The company’s 50 day moving average price is $101.35 and its two-hundred day moving average price is $83.01.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Diligent Investors LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $223,000. Viewpoint Capital Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at about $264,000. Pathstone Family Office LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at about $1,232,000. Edge Financial Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the first quarter valued at about $438,000. Finally, Toth Financial Advisory Corp increased its position in shares of Direxion Daily Financial Bull 3X Shares by 134.9% during the first 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. 3.51% of the stock is currently owned by institutional investors and hedge funds.

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.