Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Reaches New 1-Year High – Still a Buy?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $163.07 and last traded at $162.13, with a volume of 435799 shares trading hands. The stock had previously closed at $139.99.

Direxion Daily Financial Bull 3X Shares Stock Up 18.3 %

The business has a fifty day moving average of $133.63 and a 200-day moving average of $116.53.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

A number of hedge funds have recently bought and sold shares of FAS. Strategic Financial Concepts LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter worth $44,000. Virtu Financial LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter worth $1,149,000. Capital CS Group LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter worth $374,000. Edge Financial Advisors LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter worth $443,000. Finally, Jane Street Group LLC lifted its holdings in Direxion Daily Financial Bull 3X Shares by 4.1% during the first quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock worth $7,263,000 after buying an additional 2,539 shares during the period. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Company 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.