Summit Financial LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,569 shares of the company’s stock, valued at approximately $220,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the first quarter worth $28,000. Beacon Capital Management LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 169.1% during the first quarter. Beacon Capital Management LLC now owns 296 shares of the company’s stock worth $42,000 after purchasing an additional 186 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $51,000. Bank of America Corp DE lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after acquiring an additional 60 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 57.5% in the first quarter. IFP Advisors Inc now owns 630 shares of the company’s stock valued at $88,000 after acquiring an additional 230 shares during the last quarter.
Direxion Daily S&P 500 Bull 3x Shares Price Performance
Shares of SPXL opened at $191.17 on Tuesday. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $87.08 and a 1-year high of $195.28. The stock has a market cap of $5.60 billion, a PE ratio of 25.10 and a beta of 3.08. The firm has a fifty day moving average price of $179.48 and a 200 day moving average price of $157.33.
Direxion Daily S&P 500 Bull 3x Shares Profile
Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
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