Mainstay Capital Management LLC ADV lowered its position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,310 shares of the real estate investment trust’s stock after selling 4,246 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Direxion Daily Financial Bull 3X Shares were worth $577,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FAS. FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $49,000. Brasada Capital Management LP increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 100.0% in the fourth quarter. Brasada Capital Management LP now owns 2,000 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 1,000 shares during the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $125,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $210,000. Finally, XR Securities LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the first quarter valued at approximately $259,000.

Shares of NYSEARCA:FAS traded up $1.47 during midday trading on Tuesday, hitting $69.96. The company had a trading volume of 1,100,418 shares, compared to its average volume of 1,513,734. Direxion Daily Financial Bull 3X Shares has a twelve month low of $36.73 and a twelve month high of $78.35.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.1556 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.62 annualized dividend and a dividend yield of 0.89%.

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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.

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Institutional Ownership by Quarter for Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

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