Strategic Financial Concepts LLC Acquires Shares of 43,384 Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Strategic Financial Concepts LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 43,384 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Simplex Trading LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 322.4% during the 1st quarter. Simplex Trading LLC now owns 128,864 shares of the real estate investment trust’s stock valued at $14,458,000 after purchasing an additional 98,356 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 4.1% during the 1st quarter. Jane Street Group LLC now owns 64,730 shares of the real estate investment trust’s stock valued at $7,263,000 after purchasing an additional 2,539 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the 4th quarter valued at about $1,494,000. Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 134.9% in the 1st quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 7,078 shares during the last quarter. Finally, Private Capital Management LLC lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 20.5% in the 4th quarter. Private Capital Management LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $826,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 2.9 %

Shares of NYSEARCA:FAS opened at $122.82 on Wednesday. Direxion Daily Financial Bull 3X Shares has a 12 month low of $48.73 and a 12 month high of $135.30. The company has a 50-day moving average price of $115.90 and a 200 day moving average price of $107.53.

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.