Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $189.23 and last traded at $186.96, with a volume of 175933 shares traded. The stock had previously closed at $184.57.
Direxion Daily Financial Bull 3X Shares Trading Up 0.5 %
The company’s 50 day moving average is $167.76 and its 200 day moving average is $152.57. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.35 and a beta of 3.20.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FAS. Strategic Financial Concepts LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth $8,206,000. Tower Research Capital LLC TRC grew its position in Direxion Daily Financial Bull 3X Shares by 5,659.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,674 shares of the real estate investment trust’s stock worth $6,443,000 after purchasing an additional 41,933 shares during the last quarter. Avestar Capital LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth $4,180,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth $669,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth $343,000. 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.
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