Renaissance Technologies LLC grew its holdings in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS – Free Report) by 18.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,200 shares of the real estate investment trust’s stock after buying an additional 4,000 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of Direxion Daily Financial Bull 3X Shares worth $2,986,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of FAS. Morse Asset Management Inc raised its holdings in shares of Direxion Daily Financial Bull 3X Shares by 31.9% during the third quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 79 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Direxion Daily Financial Bull 3X Shares by 7.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,246 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 87 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 14.3% in the 4th quarter. Bogart Wealth LLC now owns 800 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 100 shares during the period. 1248 Management LLC grew its stake in shares of Direxion Daily Financial Bull 3X Shares by 7.7% in the 4th quarter. 1248 Management LLC now owns 1,400 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 100 shares during the period. Finally, Ieq Capital LLC increased its position in Direxion Daily Financial Bull 3X Shares by 7.5% in the 4th quarter. Ieq Capital LLC now owns 1,512 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.
Direxion Daily Financial Bull 3X Shares Stock Performance
FAS stock opened at $179.57 on Friday. The stock’s 50 day simple moving average is $158.00 and its 200 day simple moving average is $142.89. The company has a market cap of $2.44 billion, a P/E ratio of 15.11 and a beta of 2.59. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $106.90 and a fifty-two week high of $187.25.
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.
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