Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Reaches New 52-Week High – Here’s What Happened

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $185.63 and last traded at $185.54, with a volume of 341913 shares traded. The stock had previously closed at $181.15.

Direxion Daily Financial Bull 3X Shares Price Performance

The firm has a 50-day simple moving average of $163.21 and a 200 day simple moving average of $144.94.

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

A number of hedge funds have recently made changes to their positions in the stock. Addison Advisors LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth about $39,000. Hollencrest Capital Management acquired a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter worth approximately $42,000. Silicon Valley Capital Partners bought a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth approximately $64,000. Bogart Wealth LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $121,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $187,000. 3.51% of the stock is currently owned by institutional investors.

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.