Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Gap Up to $96.22

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) gapped up prior to trading on Monday . The stock had previously closed at $96.22, but opened at $99.42. Direxion Daily Financial Bull 3X Shares shares last traded at $99.66, with a volume of 247,809 shares.

Direxion Daily Financial Bull 3X Shares Stock Down 1.9 %

The company has a 50 day moving average of $100.91 and a two-hundred day moving average of $81.86.

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

A number of institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 25.1% in the first quarter. Advisor Group Holdings Inc. now owns 998 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 200 shares during the last quarter. Citigroup Inc. lifted its holdings in Direxion Daily Financial Bull 3X Shares by 10.5% in the first quarter. Citigroup Inc. now owns 2,100 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 200 shares during the period. LPL Financial LLC raised its position in Direxion Daily Financial Bull 3X Shares by 4.3% in the fourth quarter. LPL Financial LLC now owns 5,281 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 216 shares during the period. PNC Financial Services Group Inc. raised its holdings in Direxion Daily Financial Bull 3X Shares by 1,377.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 266 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 248 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 1.5% in the first quarter. Bank of Montreal Can now owns 20,800 shares of the real estate investment trust’s stock worth $2,602,000 after buying an additional 300 shares during the period. 3.51% of the stock is owned by hedge funds and other 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.