Gainplan LLC Sells 2,500 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

Gainplan LLC cut its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 52.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,250 shares of the company’s stock after selling 2,500 shares during the quarter. Gainplan LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $496,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPXL. Goldman Sachs Group Inc. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after acquiring an additional 100,000 shares during the period. Group One Trading LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% during the second quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock valued at $7,894,000 after acquiring an additional 41,942 shares during the period. BXM Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at approximately $5,354,000. Corient Private Wealth LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 336.7% in the second quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock valued at $5,449,000 after acquiring an additional 24,210 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at approximately $3,932,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 0.3%

NYSEARCA:SPXL opened at $209.76 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $99.31 and a 1 year high of $234.09. The firm has a 50 day moving average of $207.57 and a 200-day moving average of $215.21. The stock has a market capitalization of $5.22 billion, a P/E ratio of 25.10 and a beta of 3.01.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.