Timber Hill LLC Lowers Holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Timber Hill LLC lowered its stake in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 68.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,742 shares of the financial services provider’s stock after selling 120,298 shares during the period. Timber Hill LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $2,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 12.7% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 59,750 shares of the financial services provider’s stock valued at $2,951,000 after buying an additional 6,749 shares during the period. Adell Harriman & Carpenter Inc. purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 2nd quarter worth $329,000. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 2nd quarter worth $260,000.

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Direxion Daily Financial Bull 3X Shares (FAS) opened at 52.68 on Tuesday. The company has a 50 day moving average of $51.04 and a 200-day moving average of $47.55. Direxion Daily Financial Bull 3X Shares has a one year low of $27.42 and a one year high of $54.24.

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.

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

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