SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 4,430 shares of the real estate investment trust’s stock, valued at approximately $669,000.
A number of other hedge funds have also bought and sold shares of FAS. Addison Advisors LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at $39,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at $42,000. Silicon Valley Capital Partners purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at $64,000. Bogart Wealth LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at $121,000. Finally, World Equity Group Inc. purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at $207,000. Institutional investors own 3.51% of the company’s stock.
Direxion Daily Financial Bull 3X Shares Trading Down 2.6 %
Shares of FAS opened at $179.78 on Tuesday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 16.35 and a beta of 3.20. Direxion Daily Financial Bull 3X Shares has a 12-month low of $92.06 and a 12-month high of $189.23. The firm has a fifty day moving average price of $168.31 and a 200-day moving average price of $153.02.
About Direxion Daily Financial Bull 3X Shares
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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