Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Pass Above 200-Day Moving Average of $83.01

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $83.01 and traded as high as $103.09. Direxion Daily Financial Bull 3X Shares shares last traded at $101.59, with a volume of 578,025 shares changing hands.

Direxion Daily Financial Bull 3X Shares Stock Up 3.7 %

The firm has a 50 day simple moving average of $101.35 and a two-hundred day simple moving average of $83.01.

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

Hedge funds have recently added to or reduced their stakes in the stock. Diligent Investors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $223,000. Capital Investment Counsel Inc acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $231,000. McAdam LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $243,000. Viewpoint Capital Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $264,000. Finally, Grandview Asset Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the first quarter worth about $269,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

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.