Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Share Price Cross Above Two Hundred Day Moving Average – What’s Next?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $142.55 and traded as high as $168.00. Direxion Daily Financial Bull 3X Shares shares last traded at $167.01, with a volume of 544,526 shares.

Direxion Daily Financial Bull 3X Shares Stock Up 2.0%

The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 15.11 and a beta of 2.60. The stock’s fifty day moving average is $142.98 and its 200-day moving average is $142.49.

Hedge Funds Weigh In On Direxion Daily Financial Bull 3X Shares

Several institutional investors and hedge funds have recently made changes to their positions in FAS. Morse Asset Management Inc increased its position in shares of Direxion Daily Financial Bull 3X Shares by 31.9% in the 3rd quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 79 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Direxion Daily Financial Bull 3X Shares by 14.3% during the fourth quarter. Bogart Wealth LLC now owns 800 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Direxion Daily Financial Bull 3X Shares by 154.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 621 shares during the period. Cresset Asset Management LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $202,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 7.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,246 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds 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. 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.