Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $135.58 and traded as high as $154.55. Direxion Daily Financial Bull 3X Shares shares last traded at $150.68, with a volume of 639,742 shares traded.

Direxion Daily Financial Bull 3X Shares Price Performance

The stock has a 50 day simple moving average of $161.04 and a two-hundred day simple moving average of $135.70.

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

A number of large investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter valued at approximately $44,000. Virtu Financial LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at $1,149,000. Edge Financial Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth $443,000. Commonwealth Equity Services LLC increased its position in Direxion Daily Financial Bull 3X Shares by 126.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 2,298 shares during the period. Finally, James J. Burns & Company LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth $234,000. Institutional investors own 3.51% of the company’s stock.

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.