Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 29.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,031 shares of the real estate investment trust’s stock after selling 16,189 shares during the period. Tower Research Capital LLC TRC owned approximately 0.21% of Direxion Daily Financial Bull 3X Shares worth $2,813,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Cibc Bank USA raised its holdings in Direxion Daily Financial Bull 3X Shares by 0.4% in the 2nd quarter. Cibc Bank USA now owns 36,035 shares of the real estate investment trust’s stock valued at $2,666,000 after acquiring an additional 160 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 156.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 400 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 244 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $74,000. Northern Trust Corp acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $203,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the 1st quarter worth approximately $227,000.

Shares of NYSEARCA FAS traded up $0.28 during midday trading on Friday, reaching $79.11. 12,180 shares of the stock were exchanged, compared to its average volume of 1,114,535. The company has a 50 day simple moving average of $73.68 and a 200 day simple moving average of $70.34. Direxion Daily Financial Bull 3X Shares has a twelve month low of $36.73 and a twelve month high of $82.50.

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.

Further Reading: Why do analysts give a neutral rating?

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

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