Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $135.58 and traded as high as $154.55. Direxion Daily Financial Bull 3X Shares shares last traded at $150.68, with a volume of 639,742 shares changing hands.

Direxion Daily Financial Bull 3X Shares Price Performance

The business’s 50-day moving average is $161.04 and its 200 day moving average is $135.70.

Hedge Funds Weigh In On Direxion Daily Financial Bull 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at about $39,000. Hollencrest Capital Management bought a new position in Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at approximately $42,000. Strategic Financial Concepts LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 2nd quarter worth approximately $44,000. Silicon Valley Capital Partners bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $64,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $187,000. 3.51% of the stock is currently owned by institutional investors.

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.