Did Michael Garcia buy Direxion Financial Bull 3X stock?

Common questions

Did Michael Garcia buy Direxion Financial Bull 3X stock?

Yes. Michael Garcia disclosed 2 purchases and 4 sales of Direxion Financial Bull 3X (FAS) stock between Jun 3, 2020 and Nov 11, 2020, in STOCK Act reports. Added together, the disclosed purchases come to $16K-$65K and the disclosed sales to $46K-$165K.

How big were Michael Garcia's Direxion Financial Bull 3X trades?

STOCK Act reports give a range for each trade, such as $15K-$50K, never an exact amount. Added together, the disclosed purchases come to $16K-$65K and the disclosed sales to $46K-$165K.

Did Michael Garcia make these Direxion Financial Bull 3X trades personally?

Not always. The STOCK Act requires members to report trades by themselves, a spouse and dependent children. The owner column of each linked filing says whose trade it was.

Does Michael Garcia still own Direxion Financial Bull 3X stock?

This page lists reported trades, not holdings. A purchase can have been sold since, and the filings shown do not say what is held today.

When did Michael Garcia report these trades?

The latest filing is dated Nov 23, 2020. The STOCK Act gives members of Congress 45 days to report a trade, so a filing can trail the trade by weeks. Every row shows both dates.

Where does this data come from?

From periodic transaction reports filed under the STOCK Act with the Clerk of the House. Every trade links to the original filing.