Direxion Daily Financial Bull 3X Shares Target of Unusually High Options Trading (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the target of unusually large options trading activity on Monday. Stock traders bought 7,119 call options on the company. This is an increase of approximately 71% compared to the typical volume of 4,166 call options.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Direxion Daily Financial Bull 3X Shares by 5,659.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,674 shares of the real estate investment trust’s stock valued at $6,443,000 after acquiring an additional 41,933 shares in the last quarter. DRW Securities LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at about $201,000. Bank of Montreal Can grew its stake in Direxion Daily Financial Bull 3X Shares by 81.6% during the 4th quarter. Bank of Montreal Can now owns 454 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 204 shares in the last quarter. Wells Fargo & Company MN purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at about $117,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at about $313,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 2.6 %

FAS stock opened at $179.78 on Tuesday. The stock has a market capitalization of $2.79 billion, a P/E ratio of 16.35 and a beta of 3.20. The firm has a 50-day simple moving average of $168.31 and a 200-day simple moving average of $153.02. Direxion Daily Financial Bull 3X Shares has a 52 week low of $92.06 and a 52 week high of $189.23.

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.