Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Price Cross Above 200-Day Moving Average – What’s Next?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $135.58 and traded as high as $154.55. Direxion Daily Financial Bull 3X Shares shares last traded at $150.68, with a volume of 639,742 shares trading hands.

Direxion Daily Financial Bull 3X Shares Stock Performance

The stock has a 50 day simple moving average of $160.89 and a 200 day simple moving average of $135.58.

Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares

A number of large investors have recently added to or reduced their stakes in FAS. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $191,000. Sanctuary Advisors LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth about $187,000. Captrust Financial Advisors increased its holdings in Direxion Daily Financial Bull 3X Shares by 20.4% in the third quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after buying an additional 835 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter valued at approximately $226,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Direxion Daily Financial Bull 3X Shares by 11.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 832 shares during the last quarter. 3.51% of the stock is owned by institutional investors and hedge funds.

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.