Elevatus Welath Management Reduces Holdings in Direxion Daily Financial Bull 3X Shares $FAS

Elevatus Welath Management lowered its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 48.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,225 shares of the real estate investment trust’s stock after selling 14,361 shares during the quarter. Elevatus Welath Management’s holdings in Direxion Daily Financial Bull 3X Shares were worth $2,708,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FAS. Addison Advisors LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 2nd quarter worth approximately $29,000. Allworth Financial LP purchased a new position in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth $858,000. JPMorgan Chase & Co. lifted its stake in shares of Direxion Daily Financial Bull 3X Shares by 110.0% during the second quarter. JPMorgan Chase & Co. now owns 1,907 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 999 shares during the period. MAI Capital Management acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares during the second quarter worth $194,000. Finally, Insigneo Advisory Services LLC grew its holdings in shares of Direxion Daily Financial Bull 3X Shares by 210.6% during the second quarter. Insigneo Advisory Services LLC now owns 7,374 shares of the real estate investment trust’s stock valued at $1,243,000 after buying an additional 5,000 shares during the last quarter. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Price Performance

NYSEARCA FAS opened at $120.66 on Thursday. The stock’s fifty day moving average price is $150.84 and its 200 day moving average price is $162.79. Direxion Daily Financial Bull 3X Shares has a 1 year low of $92.66 and a 1 year high of $184.74. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 15.11 and a beta of 3.02.

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. 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.