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

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the recipient of unusually large options trading on Monday. Traders purchased 5,790 put options on the company. This represents an increase of 53% compared to the average volume of 3,792 put options.

Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares

Large investors have recently bought and sold shares of the stock. Morse Asset Management Inc raised its holdings in shares of Direxion Daily Financial Bull 3X Shares by 31.9% during the third quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 79 shares during the period. Bogart Wealth LLC boosted its position in shares of Direxion Daily Financial Bull 3X Shares by 37.5% during the 1st quarter. Bogart Wealth LLC now owns 1,100 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 154.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 621 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at about $202,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 7.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,246 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 87 shares during the period. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of NYSEARCA:FAS traded up $2.35 during mid-day trading on Monday, hitting $166.20. The company had a trading volume of 346,645 shares, compared to its average volume of 800,190. The firm has a fifty day moving average price of $138.80 and a 200 day moving average price of $142.76. The company has a market capitalization of $2.46 billion, a PE ratio of 15.11 and a beta of 2.60. Direxion Daily Financial Bull 3X Shares has a one year low of $106.90 and a one year high of $184.74.

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.