Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Gap Up – What’s Next?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) gapped up before the market opened on Wednesday . The stock had previously closed at $148.99, but opened at $158.61. Direxion Daily Financial Bull 3X Shares shares last traded at $159.58, with a volume of 488,607 shares traded.

Direxion Daily Financial Bull 3X Shares Stock Performance

The firm’s 50 day simple moving average is $161.70 and its 200 day simple moving average is $137.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 250 shares during the last quarter. Addison Advisors LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth $39,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth $42,000. Silicon Valley Capital Partners bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth $64,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 11.4% during the third quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 832 shares during the last quarter. 3.51% of the stock is owned by hedge funds and other 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.