Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Sets New 1-Year High – Here’s Why

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $185.39 and last traded at $184.59, with a volume of 425176 shares trading hands. The stock had previously closed at $177.66.

Direxion Daily Financial Bull 3X Shares Stock Down 1.7 %

The firm’s fifty day moving average price is $163.24 and its 200-day moving average price is $142.74.

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

Several hedge funds have recently modified their holdings of the stock. Addison Advisors LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at about $39,000. Hollencrest Capital Management acquired a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at approximately $42,000. Silicon Valley Capital Partners purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $64,000. Bogart Wealth LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at $121,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter worth $187,000. 3.51% of the stock is owned by hedge funds and other 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.