Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Trading Up 18%

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s share price were up 18% on Wednesday . The stock traded as high as $20.19 and last traded at $23.68, approximately 244,423 shares were traded during mid-day trading. A decline of 89% from the average daily volume of 2,147,998 shares. The stock had previously closed at $20.07.

The company has a fifty day moving average of $69.95 and a two-hundred day moving average of $82.47.

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $38,000. Claraphi Advisory Network LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $227,000. Formidable Asset Management LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $231,000. UBS Group AG bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $250,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $272,000.

Direxion Daily Financial Bull 3X Shares Company Profile (NYSEARCA:FAS)

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.

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