Direxion Daily S&P 500 Bull 3X ETF $SPXL Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC cut its holdings in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,386,229 shares of the company’s stock after selling 28,072 shares during the quarter. Direxion Daily S&P 500 Bull 3X ETF makes up about 4.1% of Howard Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Howard Capital Management LLC owned approximately 5.58% of Direxion Daily S&P 500 Bull 3X ETF worth $389,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPXL. Halbert Hargrove Global Advisors LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 54.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after buying an additional 66 shares during the period. Parallel Advisors LLC grew its position in Direxion Daily S&P 500 Bull 3X ETF by 44.4% in the first quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock worth $60,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily S&P 500 Bull 3X ETF during the third quarter worth $73,000. Main Street Group LTD acquired a new stake in Direxion Daily S&P 500 Bull 3X ETF during the first quarter worth $136,000. Finally, Waverly Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth $263,000.

Direxion Daily S&P 500 Bull 3X ETF Price Performance

Shares of NYSEARCA:SPXL traded down $9.83 during midday trading on Friday, reaching $280.17. 2,252,619 shares of the company’s stock were exchanged, compared to its average volume of 2,363,226. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X ETF has a fifty-two week low of $168.04 and a fifty-two week high of $303.18. The firm’s 50 day simple moving average is $288.43 and its two-hundred day simple moving average is $267.90.

Direxion Daily S&P 500 Bull 3X ETF 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.