Simplex Trading LLC Cuts Stock Holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Simplex Trading LLC decreased its position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FASGet Rating) by 78.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,896 shares of the real estate investment trust’s stock after selling 17,597 shares during the quarter. Simplex Trading LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FAS. CIBC Private Wealth Group LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $4,819,000. Bank of Montreal Can bought a new position in Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $2,766,000. IMC Chicago LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the first quarter valued at approximately $1,205,000. Psagot Value Holdings Ltd. Israel bought a new position in Direxion Daily Financial Bull 3X Shares during the fourth quarter valued at approximately $392,000. Finally, SG Americas Securities LLC lifted its position in Direxion Daily Financial Bull 3X Shares by 102.4% during the fourth quarter. SG Americas Securities LLC now owns 5,357 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 2,710 shares during the period. Hedge funds and other institutional investors own 2.63% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of Direxion Daily Financial Bull 3X Shares stock opened at $72.11 on Wednesday. The company’s 50 day moving average is $71.01 and its 200 day moving average is $96.94. Direxion Daily Financial Bull 3X Shares has a twelve month low of $56.32 and a twelve month high of $155.82.

About Direxion Daily Financial Bull 3X Shares

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

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