Direxion Daily Financial Bull 3X Shares Sees Unusually Large Options Volume (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the recipient of unusually large options trading activity on Friday. Traders bought 4,519 put options on the stock. This is an increase of approximately 28% compared to the average volume of 3,519 put options.

Direxion Daily Financial Bull 3X Shares Trading Up 4.1%

Shares of FAS stock traded up $5.77 during trading on Friday, hitting $144.88. The company’s stock had a trading volume of 979,623 shares, compared to its average volume of 835,105. The company has a market cap of $2.25 billion, a PE ratio of 15.11 and a beta of 2.61. The business has a fifty day moving average of $133.20 and a 200-day moving average of $144.49. Direxion Daily Financial Bull 3X Shares has a 52 week low of $106.90 and a 52 week high of $184.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 31.9% during the 3rd quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 79 shares during the period. Bogart Wealth LLC grew its position in Direxion Daily Financial Bull 3X Shares by 37.5% during the first quarter. Bogart Wealth LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Direxion Daily Financial Bull 3X Shares by 154.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 621 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth about $202,000. Finally, J.W. Cole Advisors Inc. bought a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth about $206,000. Institutional investors own 3.51% of the company’s stock.

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.