Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,261 shares of the company’s stock, valued at approximately $5,453,000.
Several other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily S&P 500 Bull 3X during the second quarter worth $80,000. NovaPoint Capital LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 7.5% during the 2nd quarter. NovaPoint Capital LLC now owns 1,701 shares of the company’s stock worth $248,000 after buying an additional 119 shares during the last quarter. Steele Capital Management Inc. boosted its stake in Direxion Daily S&P 500 Bull 3X by 97.1% in the second quarter. Steele Capital Management Inc. now owns 3,045 shares of the company’s stock valued at $446,000 after buying an additional 1,500 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $613,000. Finally, Quotient Wealth Partners LLC bought a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $529,000.
Direxion Daily S&P 500 Bull 3X Trading Up 1.8 %
SPXL stock opened at $184.69 on Friday. The firm has a 50-day moving average price of $169.23 and a 200-day moving average price of $153.31. Direxion Daily S&P 500 Bull 3X has a 12 month low of $90.53 and a 12 month high of $185.44. The stock has a market capitalization of $5.88 billion, a P/E ratio of 33.36 and a beta of 2.99.
Direxion Daily S&P 500 Bull 3X 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.
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