RPG Investment Advisory LLC Has $8.42 Million Stake in Direxion Daily Financial Bull 3X Shares (FAS)

RPG Investment Advisory LLC grew its stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 2.6% in the 3rd quarter, Holdings Channel reports. The firm owned 119,644 shares of the real estate investment trust’s stock after purchasing an additional 2,983 shares during the period. Direxion Daily Financial Bull 3X Shares comprises approximately 1.8% of RPG Investment Advisory LLC’s holdings, making the stock its 11th largest position. RPG Investment Advisory LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $8,416,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mainstay Capital Management LLC ADV lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 3,001.8% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 540,929 shares of the real estate investment trust’s stock valued at $9,020,000 after purchasing an additional 523,490 shares during the last quarter. Bouchey Financial Group Ltd bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at approximately $11,346,000. Envestnet Asset Management Inc. lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 29.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 71,422 shares of the real estate investment trust’s stock valued at $4,496,000 after purchasing an additional 16,367 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 318.6% in the 1st quarter. Northern Trust Corp now owns 12,350 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at approximately $174,000.

Shares of NYSEARCA:FAS traded up $0.68 during trading on Wednesday, hitting $62.77. The company had a trading volume of 21,234 shares, compared to its average volume of 1,695,963. Direxion Daily Financial Bull 3X Shares has a one year low of $52.25 and a one year high of $82.80.

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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.

Further Reading: Cost of Capital

Want to see what other hedge funds are holding FAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS).

Institutional Ownership by Quarter for Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

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