Rovin Capital UT ADV decreased its position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,458 shares of the real estate investment trust’s stock after selling 86 shares during the period. Rovin Capital UT ADV’s holdings in Direxion Daily Financial Bull 3X Shares were worth $824,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FAS. Addison Advisors LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth approximately $39,000. Hollencrest Capital Management purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter worth about $42,000. Silicon Valley Capital Partners purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at about $64,000. Sanctuary Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $187,000. Finally, JPMorgan Chase & Co. purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $191,000. Institutional investors own 3.51% of the company’s stock.
Direxion Daily Financial Bull 3X Shares Price Performance
NYSEARCA:FAS opened at $160.67 on Thursday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $77.68 and a fifty-two week high of $184.88. The business has a 50 day moving average price of $161.59 and a 200-day moving average price of $137.35.
Direxion Daily Financial Bull 3X Shares Profile
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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