Strategic Financial Concepts LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,353 shares of the real estate investment trust’s stock, valued at approximately $8,206,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth $39,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth about $42,000. Silicon Valley Capital Partners purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth about $64,000. Bogart Wealth LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth about $121,000. Finally, Sanctuary Advisors LLC purchased a new position in Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $187,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.
Direxion Daily Financial Bull 3X Shares Stock Performance
FAS stock opened at $181.33 on Friday. The stock’s 50 day moving average is $163.87 and its two-hundred day moving average is $147.37. Direxion Daily Financial Bull 3X Shares has a 52-week low of $91.66 and a 52-week high of $187.15.
Direxion Daily Financial Bull 3X Shares 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.
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