Simplex Trading LLC Sells 20,304 Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Simplex Trading LLC cut its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,599 shares of the real estate investment trust’s stock after selling 20,304 shares during the period. Simplex Trading LLC owned approximately 0.84% of Direxion Daily Financial Bull 3X Shares worth $20,170,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter worth approximately $8,206,000. Avestar Capital LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the 4th quarter worth $4,180,000. PNC Financial Services Group Inc. increased its position in shares of Direxion Daily Financial Bull 3X Shares by 11.4% in the third quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 832 shares during the period. Captrust Financial Advisors raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 20.4% during the third quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 835 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter worth about $669,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of NYSEARCA:FAS opened at $153.92 on Monday. The stock’s 50-day moving average is $167.77 and its 200 day moving average is $155.45. The company has a market cap of $2.40 billion, a PE ratio of 14.21 and a beta of 3.18. Direxion Daily Financial Bull 3X Shares has a 1 year low of $92.06 and a 1 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.