Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Stock Pass Above 200 Day Moving Average – Time to Sell?

Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $154.96 and traded as high as $158.00. Direxion Daily Financial Bull 3X Shares shares last traded at $155.44, with a volume of 652,538 shares trading hands.

Direxion Daily Financial Bull 3X Shares Trading Up 3.1 %

The company has a 50 day moving average of $167.42 and a 200 day moving average of $154.96. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 14.21 and a beta of 3.18.

Institutional Trading of Direxion Daily Financial Bull 3X Shares

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Direxion Daily Financial Bull 3X Shares by 81.6% in the fourth quarter. Bank of Montreal Can now owns 454 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 204 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in Direxion Daily Financial Bull 3X Shares by 29.4% in the fourth quarter. Ellis Investment Partners LLC now owns 2,229 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 507 shares in the last quarter. Wells Fargo & Company MN acquired a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $117,000. Bogart Wealth LLC acquired a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter worth $121,000. Finally, PNC Financial Services Group Inc. boosted its stake in Direxion Daily Financial Bull 3X Shares by 11.4% in 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 purchasing an additional 832 shares in the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.

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.