Virtu Financial LLC Grows Stock Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Virtu Financial LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 58.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,957 shares of the company’s stock after acquiring an additional 20,544 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for approximately 0.5% of Virtu Financial LLC’s investment portfolio, making the stock its 9th largest position. Virtu Financial LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $12,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Quattro Advisors LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter valued at approximately $64,000. Bank of America Corp DE grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after purchasing an additional 60 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Direxion Daily S&P 500 Bull 3x Shares by 223.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock worth $184,000 after purchasing an additional 576 shares in the last quarter. Finally, Virtus Wealth Solutions LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth approximately $201,000.

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

Shares of NYSEARCA:SPXL opened at $272.62 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $153.46 and a one year high of $289.00. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. The firm has a 50 day simple moving average of $256.93 and a 200 day simple moving average of $230.45.

About Direxion Daily S&P 500 Bull 3x Shares

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.