IMC Chicago LLC Acquires 43,158 Shares of Direxion Daily Financial Bull 3X Shares $FAS

IMC Chicago LLC increased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 396.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,057 shares of the real estate investment trust’s stock after purchasing an additional 43,158 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $9,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Addison Advisors LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the second quarter worth $29,000. Bogart Wealth LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter valued at $84,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter valued at $155,000. MAI Capital Management bought a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter valued at $194,000. Finally, StoneX Group Inc. purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth about $215,000. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 2.6%

FAS stock opened at $154.65 on Wednesday. The stock has a 50-day simple moving average of $166.31 and a two-hundred day simple moving average of $167.85. Direxion Daily Financial Bull 3X Shares has a twelve month low of $92.66 and a twelve month high of $189.23. The firm has a market capitalization of $2.36 billion, a PE ratio of 15.11 and a beta of 3.02.

Direxion Daily Financial Bull 3X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $12.0949 per share. This is a boost from Direxion Daily Financial Bull 3X Shares’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $48.38 dividend on an annualized basis and a yield of 31.3%.

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.