FormulaFolio Investments LLC Buys 160 Shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

FormulaFolio Investments LLC raised its stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,160 shares of the real estate investment trust’s stock after buying an additional 160 shares during the quarter. FormulaFolio Investments LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Claudia M.P. Batlle CRP R LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter worth about $37,000. CWM LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $122,000. JPMorgan Chase & Co. boosted its position in Direxion Daily Financial Bull 3X Shares by 151.8% in the third quarter. JPMorgan Chase & Co. now owns 4,860 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 2,930 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $223,000. Finally, Diligent Investors LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at approximately $286,000. Institutional investors own 4.55% of the company’s stock.

Shares of NYSEARCA FAS opened at $96.83 on Thursday. The business’s 50 day moving average price is $88.14 and its 200 day moving average price is $65.72. Direxion Daily Financial Bull 3X Shares has a 52 week low of $21.21 and a 52 week high of $100.39.

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.

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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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