Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,181 shares of the real estate investment trust’s stock after selling 405 shares during the period. LPL Financial LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at about $8,206,000. Avestar Capital LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at about $4,180,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at about $669,000. Strategic Wealth Investment Group LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $343,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $313,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

NYSEARCA FAS opened at $123.10 on Monday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 13.28 and a beta of 2.91. The firm has a 50 day simple moving average of $151.24 and a 200-day simple moving average of $156.47. Direxion Daily Financial Bull 3X Shares has a one year low of $92.66 and a one year high of $189.23.

Direxion Daily Financial Bull 3X Shares 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.