Wells Fargo & Company MN acquired a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 778 shares of the real estate investment trust’s stock, valued at approximately $117,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of FAS. Bogart Wealth LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth approximately $121,000. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $191,000. World Equity Group Inc. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth approximately $207,000. Tocqueville Asset Management L.P. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth approximately $313,000. Finally, Ellis Investment Partners LLC increased its holdings in Direxion Daily Financial Bull 3X Shares by 29.4% during the 4th 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 during the last quarter. 3.51% of the stock is currently owned by hedge funds and other institutional investors.
Direxion Daily Financial Bull 3X Shares Trading Up 0.0%
Shares of NYSEARCA FAS opened at $148.01 on Monday. Direxion Daily Financial Bull 3X Shares has a twelve month low of $92.66 and a twelve month high of $189.23. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 13.28 and a beta of 2.91. The business has a 50 day simple moving average of $139.50 and a 200-day simple moving average of $156.20.
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.
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