Capital Investment Advisors LLC Sells 2,146 Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Capital Investment Advisors LLC lowered its stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,105 shares of the real estate investment trust’s stock after selling 2,146 shares during the period. Capital Investment Advisors LLC owned approximately 0.12% of Direxion Daily Financial Bull 3X Shares worth $3,021,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at about $8,206,000. Tower Research Capital LLC TRC grew its position in Direxion Daily Financial Bull 3X Shares by 5,659.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,674 shares of the real estate investment trust’s stock valued at $6,443,000 after acquiring an additional 41,933 shares during the last quarter. Avestar Capital LLC bought a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at about $4,180,000. SBI Securities Co. Ltd. bought a new position in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at about $669,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Direxion Daily Financial Bull 3X Shares by 9,420.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,856 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 2,826 shares during the last quarter. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Up 3.8%

Direxion Daily Financial Bull 3X Shares stock opened at $159.17 on Monday. Direxion Daily Financial Bull 3X Shares has a 12-month low of $92.66 and a 12-month high of $189.23. The business’s 50-day moving average price is $140.71 and its two-hundred day moving average price is $156.28. The stock has a market cap of $2.49 billion, a PE ratio of 15.11 and a beta of 3.03.

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.