Direxion Daily Financial Bull 3X Shares Target of Unusually High Options Trading (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) was the recipient of unusually large options trading on Friday. Stock investors purchased 6,686 put options on the company. This is an increase of 76% compared to the average volume of 3,796 put options.

Institutional Investors Weigh In On Direxion Daily Financial Bull 3X Shares

A number of institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc increased its position in Direxion Daily Financial Bull 3X Shares by 31.9% during the third quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 79 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 37.5% in the 1st quarter. Bogart Wealth LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 154.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 621 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter valued at $202,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 7.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,246 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 87 shares during the period. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

NYSEARCA FAS opened at $168.74 on Friday. Direxion Daily Financial Bull 3X Shares has a 12 month low of $106.90 and a 12 month high of $184.74. The company has a 50-day moving average of $148.94 and a 200-day moving average of $142.47. The company has a market cap of $2.40 billion, a P/E ratio of 15.11 and a beta of 2.60.

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. 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.