IMC Chicago LLC Makes New $7.78 Million Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

IMC Chicago LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the second quarter, Holdings Channel reports. The institutional investor bought 44,845 shares of the company’s stock, valued at approximately $7,782,000.

Several other institutional investors have also modified their holdings of SPXL. PPSC Investment Service Corp grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 1.7% in the first quarter. PPSC Investment Service Corp now owns 2,584,718 shares of the company’s stock valued at $362,869,000 after purchasing an additional 43,272 shares during the period. SBI Securities Co. Ltd. raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 1.8% during the first quarter. SBI Securities Co. Ltd. now owns 148,175 shares of the company’s stock worth $20,802,000 after purchasing an additional 2,638 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 389.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after purchasing an additional 100,000 shares during the last quarter. Members Advisory Group LLC boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 4.1% in the 1st quarter. Members Advisory Group LLC now owns 33,069 shares of the company’s stock valued at $4,645,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 40.5% in the 1st quarter. Jump Financial LLC now owns 27,779 shares of the company’s stock valued at $3,900,000 after buying an additional 8,014 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

Shares of NYSEARCA SPXL opened at $214.52 on Monday. The company has a market capitalization of $5.92 billion, a P/E ratio of 25.10 and a beta of 3.08. The company has a 50 day simple moving average of $196.36 and a 200-day simple moving average of $165.18. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $87.08 and a 1 year high of $217.93.

Direxion Daily S&P 500 Bull 3x Shares Company 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.