Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 52-Week High – Here’s What Happened

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

Direxion Daily Financial Bull 3X Shares Stock Performance

The business has a 50 day moving average price of $162.92 and a 200-day moving average price of $142.01.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at approximately $187,000. PNC Financial Services Group Inc. lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 11.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 832 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at $64,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth $42,000. Finally, Captrust Financial Advisors raised its stake in Direxion Daily Financial Bull 3X Shares by 20.4% in the third quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 835 shares in the last quarter. 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.