Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Pass Above 200-Day Moving Average – Time to Sell?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $150.69 and traded as high as $176.78. Direxion Daily Financial Bull 3X Shares shares last traded at $172.63, with a volume of 521,938 shares trading hands.

Direxion Daily Financial Bull 3X Shares Stock Up 1.4 %

The business has a 50-day simple moving average of $165.69 and a two-hundred day simple moving average of $150.69. The stock has a market capitalization of $2.68 billion, a P/E ratio of 16.35 and a beta of 3.20.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Direxion Daily Financial Bull 3X Shares by 81.6% in the fourth quarter. Bank of Montreal Can now owns 454 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 204 shares in the last quarter. Addison Advisors LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth $39,000. Hollencrest Capital Management acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth $42,000. Silicon Valley Capital Partners acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth $64,000. Finally, Ellis Investment Partners LLC boosted its stake in Direxion Daily Financial Bull 3X Shares by 29.4% in the fourth quarter. Ellis Investment Partners LLC now owns 2,229 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 507 shares in the last quarter. 3.51% of the stock is currently owned by institutional investors.

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.