Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.04 and traded as high as $72.79. Direxion Daily Financial Bull 3X Shares shares last traded at $71.97, with a volume of 5,023 shares trading hands.

The company has a 50 day simple moving average of $76.27 and a 200 day simple moving average of $69.04.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 156.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 400 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 244 shares in the last quarter. Capital Investment Counsel Inc bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $62,000. Valeo Financial Advisors LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $74,000. Northern Trust Corp bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $203,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $227,000.

Direxion Daily Financial Bull 3X Shares Company Profile (NYSEARCA:FAS)

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.

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