Simplex Trading LLC Purchases 23,052 Shares of Direxion Daily Financial Bull 3X Shares $FAS

Simplex Trading LLC lifted its position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 28.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 104,672 shares of the real estate investment trust’s stock after acquiring an additional 23,052 shares during the period. Simplex Trading LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $17,647,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FAS. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily Financial Bull 3X Shares by 4.2% during the first quarter. SBI Securities Co. Ltd. now owns 4,618 shares of the real estate investment trust’s stock valued at $730,000 after purchasing an additional 188 shares in the last quarter. Morse Asset Management Inc raised its stake in Direxion Daily Financial Bull 3X Shares by 133.7% during the first quarter. Morse Asset Management Inc now owns 208 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 119 shares during the last quarter. Phoenix Financial Ltd. purchased a new position in Direxion Daily Financial Bull 3X Shares during the first quarter valued at $648,000. LPL Financial LLC raised its stake in Direxion Daily Financial Bull 3X Shares by 651.8% during the first quarter. LPL Financial LLC now owns 46,469 shares of the real estate investment trust’s stock valued at $7,348,000 after buying an additional 40,288 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Direxion Daily Financial Bull 3X Shares during the first quarter valued at $322,000. 3.51% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Trading Down 1.2%

Shares of NYSEARCA:FAS opened at $158.69 on Tuesday. The stock has a fifty day simple moving average of $172.17 and a two-hundred day simple moving average of $162.97. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 15.11 and a beta of 3.02. Direxion Daily Financial Bull 3X Shares has a 12-month low of $92.66 and a 12-month high of $189.23.

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.