Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Hits New 12-Month High – Time to Buy?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $148.83 and last traded at $148.83, with a volume of 5027 shares. The stock had previously closed at $147.85.

Direxion Daily Financial Bull 3X Shares Stock Up 0.1 %

The company has a 50 day moving average price of $127.85 and a 200-day moving average price of $112.92.

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

A number of institutional investors have recently added to or reduced their stakes in FAS. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares during the first quarter worth $96,000. Strategic Financial Concepts LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth about $44,000. Jane Street Group LLC grew its position in shares of Direxion Daily Financial Bull 3X Shares by 4.1% in the 1st quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock valued at $7,263,000 after buying an additional 2,539 shares during the last quarter. Toth Financial Advisory Corp increased its stake in shares of Direxion Daily Financial Bull 3X Shares by 134.9% in the first quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock valued at $1,383,000 after buying an additional 7,078 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Direxion Daily Financial Bull 3X Shares by 126.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,111 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 2,298 shares during the last quarter. 3.51% of the stock is owned by 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.