Avestar Capital LLC Takes $4.18 Million Position in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Avestar Capital LLC bought a new stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,777 shares of the real estate investment trust’s stock, valued at approximately $4,180,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Addison Advisors LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth approximately $39,000. Hollencrest Capital Management bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the third quarter valued at $42,000. Silicon Valley Capital Partners acquired a new position in Direxion Daily Financial Bull 3X Shares during the third quarter worth $64,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter worth $187,000. Finally, JPMorgan Chase & Co. acquired a new stake in Direxion Daily Financial Bull 3X Shares in the third quarter valued at $191,000. Institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Direxion Daily Financial Bull 3X Shares stock opened at $176.88 on Thursday. The company’s 50-day moving average is $163.50 and its 200-day moving average is $146.49. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $86.26 and a fifty-two week high of $187.15.

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.