Stock Traders Purchase Large Volume of Direxion Daily Financial Bull 3X Shares Put Options (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) saw some unusual options trading on Friday. Stock investors acquired 4,519 put options on the stock. This represents an increase of 28% compared to the typical volume of 3,519 put options.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of FAS stock opened at $144.88 on Friday. The stock has a market capitalization of $2.25 billion, a PE ratio of 15.11 and a beta of 2.61. Direxion Daily Financial Bull 3X Shares has a 1-year low of $106.90 and a 1-year high of $184.74. The business has a 50-day moving average of $133.20 and a 200 day moving average of $144.49.

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

Several institutional investors have recently bought and sold shares of FAS. Qube Research & Technologies Ltd lifted its holdings in Direxion Daily Financial Bull 3X Shares by 5,950.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock worth $31,034,000 after buying an additional 171,564 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $6,604,000. Virtu Financial LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $4,392,000. Quadrature Capital Ltd lifted its holdings in Direxion Daily Financial Bull 3X Shares by 192.0% in the 4th quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock worth $6,196,000 after buying an additional 24,203 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth approximately $3,416,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

About Direxion Daily Financial Bull 3X Shares

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.