Direxion Daily S&P 500 Bull 3X ETF $SPXL Stock Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its position in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,272 shares of the company’s stock after selling 6,102 shares during the quarter. Direxion Daily S&P 500 Bull 3X ETF accounts for 0.7% of SBI Securities Co. Ltd.’s holdings, making the stock its 28th largest holding. SBI Securities Co. Ltd.’s holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $32,403,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Net Worth Advisory Group raised its position in Direxion Daily S&P 500 Bull 3X ETF by 10.2% during the third quarter. Net Worth Advisory Group now owns 3,049 shares of the company’s stock valued at $862,000 after purchasing an additional 283 shares in the last quarter. Encompass More Asset Management boosted its stake in Direxion Daily S&P 500 Bull 3X ETF by 8.9% in the third quarter. Encompass More Asset Management now owns 12,228 shares of the company’s stock valued at $3,437,000 after buying an additional 1,001 shares in the last quarter. AlphaStar Capital Management LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X ETF in the third quarter worth about $663,000. Millennium Capital Advisors LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF by 43.2% in the third quarter. Millennium Capital Advisors LLC now owns 3,478 shares of the company’s stock worth $978,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the 3rd quarter valued at approximately $47,000.

Direxion Daily S&P 500 Bull 3X ETF Trading Down 3.6%

SPXL opened at $280.41 on Friday. The company has a market cap of $6.94 billion, a P/E ratio of 25.10 and a beta of 3.03. The company’s 50 day moving average is $287.53 and its 200-day moving average is $271.32. Direxion Daily S&P 500 Bull 3X ETF has a 1-year low of $168.04 and a 1-year high of $303.18.

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.