Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $132.62 and traded as high as $159.10. Direxion Daily Financial Bull 3X Shares shares last traded at $154.83, with a volume of 764,373 shares.

Direxion Daily Financial Bull 3X Shares Trading Down 2.4 %

The stock has a 50-day simple moving average of $159.85 and a 200 day simple moving average of $132.62.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Several large investors have recently modified their holdings of the business. Toth Financial Advisory Corp boosted its stake in shares of Direxion Daily Financial Bull 3X Shares by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock valued at $1,740,000 after acquiring an additional 250 shares during the last quarter. Addison Advisors LLC purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at about $39,000. Hollencrest Capital Management purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at about $42,000. Silicon Valley Capital Partners acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth about $64,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Direxion Daily Financial Bull 3X Shares by 11.4% during the third 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 in the last quarter. 3.51% of the stock is currently owned by institutional investors and hedge funds.

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.