Avestar Capital LLC Has $3.98 Million Stock Position in Direxion Daily Financial Bull 3X Shares $FAS

Avestar Capital LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 49.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,590 shares of the real estate investment trust’s stock after purchasing an additional 7,792 shares during the period. Avestar Capital LLC owned about 0.15% of Direxion Daily Financial Bull 3X Shares worth $3,977,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Tocqueville Asset Management L.P. lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 4.8% during the 1st quarter. Tocqueville Asset Management L.P. now owns 2,175 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 100 shares during the last quarter. Addison Advisors LLC acquired a new position in Direxion Daily Financial Bull 3X Shares during the second quarter worth about $29,000. Covestor Ltd raised its stake in Direxion Daily Financial Bull 3X Shares by 41.0% during the first quarter. Covestor Ltd now owns 777 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 226 shares in the last quarter. Ellis Investment Partners LLC lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 13.0% in the second quarter. Ellis Investment Partners LLC now owns 2,744 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 315 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth about $84,000. Institutional investors and hedge funds own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Trading Up 0.1%

Shares of Direxion Daily Financial Bull 3X Shares stock opened at $170.71 on Friday. The firm’s 50 day moving average is $165.03 and its 200 day moving average is $165.82. The firm has a market capitalization of $2.63 billion, a PE ratio of 15.11 and a beta of 3.02. Direxion Daily Financial Bull 3X Shares has a 1 year low of $92.66 and a 1 year high of $189.23.

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.