FNY Investment Advisers LLC increased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) by 647.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,735 shares of the real estate investment trust’s stock after acquiring an additional 3,235 shares during the quarter. FNY Investment Advisers LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of FAS. LPL Financial LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 651.8% during the 1st quarter. LPL Financial LLC now owns 46,469 shares of the real estate investment trust’s stock valued at $7,348,000 after acquiring an additional 40,288 shares during the last quarter. Ethos Financial Group LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $891,000. Phoenix Financial Ltd. bought a new stake in Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $648,000. XTX Topco Ltd bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the first quarter valued at approximately $322,000. Finally, Ieq Capital LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the first quarter valued at approximately $221,000. 3.51% of the stock is owned by hedge funds and other institutional investors.
Direxion Daily Financial Bull 3X Shares Price Performance
Direxion Daily Financial Bull 3X Shares stock opened at $164.88 on Wednesday. The firm’s 50 day moving average price is $173.38 and its 200-day moving average price is $159.66. Direxion Daily Financial Bull 3X Shares has a 1 year low of $92.66 and a 1 year high of $189.23. The stock has a market cap of $2.68 billion, a P/E ratio of 15.11 and a beta of 3.10.
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.
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