Direxion Daily Financial Bull 3X Shares Target of Unusually Large Options Trading (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) saw unusually large options trading activity on Friday. Traders bought 4,519 put options on the company. This is an increase of approximately 28% compared to the average volume of 3,519 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its holdings in Direxion Daily Financial Bull 3X Shares by 5,950.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock worth $31,034,000 after acquiring an additional 171,564 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter valued at about $6,604,000. Quadrature Capital Ltd boosted its position in Direxion Daily Financial Bull 3X Shares by 192.0% during the fourth quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock worth $6,196,000 after purchasing an additional 24,203 shares during the period. Renaissance Technologies LLC boosted its position in Direxion Daily Financial Bull 3X Shares by 18.9% during the first quarter. Renaissance Technologies LLC now owns 25,200 shares of the real estate investment trust’s stock worth $2,986,000 after purchasing an additional 4,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter worth about $4,392,000. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Up 4.1%

Direxion Daily Financial Bull 3X Shares stock traded up $5.77 during trading on Friday, hitting $144.88. The stock had a trading volume of 979,623 shares, compared to its average volume of 835,105. The stock’s 50 day moving average is $133.20 and its two-hundred day moving average is $144.49. Direxion Daily Financial Bull 3X Shares has a 1 year low of $106.90 and a 1 year high of $184.74. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 15.11 and a beta of 2.61.

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.