Covestor Ltd decreased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) by 19.1% in the third quarter, HoldingsChannel.com reports. The fund owned 722 shares of the real estate investment trust’s stock after selling 171 shares during the period. Covestor Ltd’s holdings in Direxion Daily Financial Bull 3X Shares were worth $94,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the stock. Rovin Capital UT ADV grew its holdings in shares of Direxion Daily Financial Bull 3X Shares by 4.3% during the 2nd quarter. Rovin Capital UT ADV now owns 6,026 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 248 shares during the period. Toth Financial Advisory Corp grew its stake in Direxion Daily Financial Bull 3X Shares by 1.9% in the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 250 shares during the period. Hollencrest Capital Management purchased a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter worth $42,000. Silicon Valley Capital Partners bought a new position in Direxion Daily Financial Bull 3X Shares in the third quarter worth $64,000. Finally, Headlands Technologies LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the first quarter valued at $96,000. Institutional investors own 3.51% of the company’s stock.
Direxion Daily Financial Bull 3X Shares Stock Down 0.9 %
NYSEARCA:FAS opened at $166.59 on Wednesday. The firm’s 50-day moving average price is $136.87 and its 200-day moving average price is $118.70. Direxion Daily Financial Bull 3X Shares has a 1-year low of $60.18 and a 1-year high of $170.57.
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.
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Want to see what other hedge funds are holding FAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report).
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