Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Direxion Daily Financial Bull 3X ETF (NYSEARCA:FAS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $147.34 and traded as high as $179.33. Direxion Daily Financial Bull 3X ETF shares last traded at $174.86, with a volume of 483,236 shares traded.

Direxion Daily Financial Bull 3X ETF Stock Performance

The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 15.11 and a beta of 2.57. The business has a fifty day moving average of $175.20 and a two-hundred day moving average of $147.56.

Institutional Trading of Direxion Daily Financial Bull 3X ETF

A number of institutional investors have recently bought and sold shares of FAS. Qube Research & Technologies Ltd grew its holdings in Direxion Daily Financial Bull 3X ETF by 5,950.9% in the third quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock valued at $31,034,000 after purchasing an additional 171,564 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Direxion Daily Financial Bull 3X ETF during the 3rd quarter worth $6,604,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Financial Bull 3X ETF during the 3rd quarter worth $4,392,000. Quadrature Capital Ltd boosted its position in shares of Direxion Daily Financial Bull 3X ETF by 192.0% in the 4th quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock worth $6,196,000 after buying an additional 24,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Direxion Daily Financial Bull 3X ETF in the 3rd quarter worth about $3,416,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X ETF 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. 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.