Variant Private Wealth LLC Buys New Shares in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Variant Private Wealth LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,920 shares of the real estate investment trust’s stock, valued at approximately $2,201,000. Direxion Daily Financial Bull 3X Shares makes up about 2.4% of Variant Private Wealth LLC’s portfolio, making the stock its 16th biggest position. Variant Private Wealth LLC owned approximately 0.09% of Direxion Daily Financial Bull 3X Shares as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 9,420.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,856 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 2,826 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily Financial Bull 3X Shares by 5,659.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,674 shares of the real estate investment trust’s stock valued at $6,443,000 after buying an additional 41,933 shares during the period. DRW Securities LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at approximately $201,000. Bank of Montreal Can increased its stake in Direxion Daily Financial Bull 3X Shares by 81.6% in the 4th quarter. Bank of Montreal Can now owns 454 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 204 shares during the period. Finally, Wells Fargo & Company MN acquired a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Direxion Daily Financial Bull 3X Shares stock opened at $146.59 on Monday. The firm has a market cap of $2.29 billion, a PE ratio of 15.11 and a beta of 3.03. The firm’s 50 day moving average price is $143.79 and its two-hundred day moving average price is $155.41. Direxion Daily Financial Bull 3X Shares has a twelve month low of $92.66 and a twelve month high of $189.23.

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.