Elevatus Welath Management Makes New $4.99 Million Investment in Direxion Daily Financial Bull 3X Shares $FAS

Elevatus Welath Management purchased a new stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,586 shares of the real estate investment trust’s stock, valued at approximately $4,988,000. Direxion Daily Financial Bull 3X Shares accounts for 1.7% of Elevatus Welath Management’s holdings, making the stock its 22nd largest position.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Direxion Daily Financial Bull 3X Shares by 64.2% during the second quarter. Bank of America Corp DE now owns 4,137 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 1,618 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the second quarter worth about $486,000. Jump Financial LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter valued at about $1,416,000. Avestar Capital LLC grew its position in shares of Direxion Daily Financial Bull 3X Shares by 49.3% in the 2nd quarter. Avestar Capital LLC now owns 23,590 shares of the real estate investment trust’s stock valued at $3,977,000 after purchasing an additional 7,792 shares during the period. Finally, StoneX Group Inc. bought a new stake in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $215,000. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of FAS stock opened at $169.48 on Friday. The company has a market capitalization of $2.61 billion, a P/E ratio of 15.11 and a beta of 3.02. The company’s 50 day moving average price is $164.08 and its two-hundred day moving average price is $166.34. Direxion Daily Financial Bull 3X Shares has a 52 week low of $92.66 and a 52 week high of $189.23.

Direxion Daily Financial Bull 3X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th will be issued a dividend of $12.0949 per share. The ex-dividend date is Wednesday, December 10th. This is a positive change from Direxion Daily Financial Bull 3X Shares’s previous quarterly dividend of $0.39. This represents a $48.38 dividend on an annualized basis and a dividend yield of 28.5%.

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.