Group One Trading LLC Makes New Investment in Direxion Daily Financial Bull 3X Shares $FAS

Group One Trading LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,767 shares of the real estate investment trust’s stock, valued at approximately $1,039,000. Group One Trading LLC owned 0.06% of Direxion Daily Financial Bull 3X Shares as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Qube Research & Technologies Ltd increased its stake in shares of Direxion Daily Financial Bull 3X Shares by 5,950.9% in the third 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. acquired a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter valued at $6,604,000. Virtu Financial LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter valued at $4,392,000. Quadrature Capital Ltd grew its stake in Direxion Daily Financial Bull 3X Shares by 192.0% in the fourth quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock valued at $6,196,000 after purchasing an additional 24,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $3,416,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of FAS stock opened at $166.59 on Thursday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $106.90 and a fifty-two week high of $184.74. The stock’s 50-day moving average is $147.46 and its two-hundred day moving average is $142.32. The firm has a market cap of $2.37 billion, a P/E ratio of 15.11 and a beta of 2.60.

Direxion Daily Financial Bull 3X Shares 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. 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.