Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Bought by Ellis Investment Partners LLC

Ellis Investment Partners LLC boosted its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,229 shares of the real estate investment trust’s stock after acquiring an additional 507 shares during the quarter. Ellis Investment Partners LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $187,000. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $191,000. PNC Financial Services Group Inc. raised its stake 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 worth $1,055,000 after buying an additional 832 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $64,000. Finally, Hollencrest Capital Management purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $42,000. 3.51% of the stock is owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Stock Up 0.3 %

NYSEARCA FAS opened at $181.33 on Monday. Direxion Daily Financial Bull 3X Shares has a 1-year low of $91.66 and a 1-year high of $187.15. The business has a 50 day moving average price of $163.87 and a 200 day moving average price of $147.56.

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.