Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Pass Above Two Hundred Day Moving Average – What’s Next?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $139.82 and traded as high as $172.94. Direxion Daily Financial Bull 3X Shares shares last traded at $172.09, with a volume of 508,174 shares traded.

Direxion Daily Financial Bull 3X Shares Trading Up 0.5 %

The company has a 50-day moving average of $162.20 and a 200 day moving average of $140.30.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several large investors have recently made changes to their positions in FAS. Addison Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $39,000. Hollencrest Capital Management acquired 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 Direxion Daily Financial Bull 3X Shares in the third quarter valued at about $64,000. Sanctuary Advisors LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the third quarter worth about $187,000. Finally, JPMorgan Chase & Co. bought a new position in Direxion Daily Financial Bull 3X Shares during the third quarter worth about $191,000. Institutional investors own 3.51% of the company’s stock.

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.