Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Price Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $139.82 and traded as high as $172.94. Direxion Daily Financial Bull 3X Shares shares last traded at $172.09, with a volume of 508,174 shares changing hands.

Direxion Daily Financial Bull 3X Shares Price Performance

The business’s fifty day simple moving average is $162.20 and its two-hundred day simple moving average is $140.30.

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

Large investors have recently bought and sold shares of the company. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at approximately $39,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth $42,000. Silicon Valley Capital Partners purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth $64,000. Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at about $187,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $191,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

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.