Succession Financial Inc. Buys New Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Succession Financial Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the second quarter, HoldingsChannel reports. The institutional investor bought 145,356 shares of the company’s stock, valued at approximately $39,344,000. Direxion Daily S&P 500 Bull 3x Shares makes up about 37.4% of Succession Financial Inc.’s portfolio, making the stock its largest position.

Several other institutional investors have also added to or reduced their stakes in SPXL. Goldman Sachs Group Inc. grew its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the 1st 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. Virtu Financial LLC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 58.0% in the 4th quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock worth $12,344,000 after purchasing an additional 20,544 shares during the period. Group One Trading LLC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% in the 2nd quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock worth $7,894,000 after purchasing an additional 41,942 shares during the period. Tower Research Capital LLC TRC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 10.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 44,841 shares of the company’s stock worth $7,781,000 after purchasing an additional 4,130 shares during the period. Finally, Gainplan LLC purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at $10,055,000.

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

NYSEARCA:SPXL opened at $290.29 on Friday. The stock has a 50-day simple moving average of $279.49 and a two-hundred day simple moving average of $251.09. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $168.04 and a 52-week high of $303.18. The firm has a market capitalization of $7.27 billion, a PE ratio of 25.10 and a beta of 3.02.

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.