Mather Group LLC. Acquires New Shares in Direxion Daily Financial Bull 3X ETF $FAS

Mather Group LLC. acquired a new stake in Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,897 shares of the real estate investment trust’s stock, valued at approximately $2,515,000. Mather Group LLC. owned about 0.13% of Direxion Daily Financial Bull 3X ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC increased its holdings in Direxion Daily Financial Bull 3X ETF by 37.5% during the first quarter. Bogart Wealth LLC now owns 1,100 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 300 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in Direxion Daily Financial Bull 3X ETF in the third quarter valued at $169,000. IMC Chicago LLC acquired a new stake in Direxion Daily Financial Bull 3X ETF in the first quarter valued at $221,000. Group One Trading LLC acquired a new stake in Direxion Daily Financial Bull 3X ETF in the first quarter valued at $1,039,000. Finally, PNC Financial Services Group Inc. lifted its stake in Direxion Daily Financial Bull 3X ETF by 17.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 1,400 shares during the last quarter. 3.51% of the stock is owned by institutional investors.

Direxion Daily Financial Bull 3X ETF Trading Up 1.3%

Shares of FAS traded up $2.04 during midday trading on Friday, reaching $156.61. The stock had a trading volume of 529,033 shares, compared to its average volume of 661,131. The firm has a 50 day simple moving average of $165.99 and a 200-day simple moving average of $152.82. Direxion Daily Financial Bull 3X ETF has a one year low of $106.90 and a one year high of $187.25. The firm has a market cap of $2.13 billion, a PE ratio of 15.11 and a beta of 2.62.

Direxion Daily Financial Bull 3X ETF 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.