Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Pass Above 200 Day Moving Average – Here’s Why

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $132.62 and traded as high as $159.10. Direxion Daily Financial Bull 3X Shares shares last traded at $154.83, with a volume of 764,373 shares traded.

Direxion Daily Financial Bull 3X Shares Price Performance

The firm’s 50 day moving average price is $159.85 and its two-hundred day moving average price is $132.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares during the second quarter valued at about $44,000. Toth Financial Advisory Corp boosted its stake in Direxion Daily Financial Bull 3X Shares by 1.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 250 shares during the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $1,149,000. PNC Financial Services Group Inc. raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 11.4% in the third quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 832 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of 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.