Independence Bank of Kentucky Sells 475 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Independence Bank of Kentucky lowered its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 27.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,225 shares of the company’s stock after selling 475 shares during the quarter. Independence Bank of Kentucky’s holdings in Direxion Daily S&P 500 Bull 3X were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter valued at about $656,000. Impala Asset Management LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the third quarter valued at approximately $1,564,000. Neo Ivy Capital Management boosted its stake in Direxion Daily S&P 500 Bull 3X by 33.3% during the third quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock valued at $328,000 after buying an additional 1,050 shares during the last quarter. Keating Wealth Management LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $218,000. Finally, Traynor Capital Management Inc. lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 17.0% in the 4th quarter. Traynor Capital Management Inc. now owns 21,020 shares of the company’s stock valued at $2,186,000 after purchasing an additional 3,056 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA:SPXL traded down $1.86 during trading on Friday, hitting $146.07. The company had a trading volume of 3,460,721 shares, compared to its average volume of 6,095,813. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a one year low of $67.60 and a one year high of $151.00. The company has a fifty day simple moving average of $134.17 and a two-hundred day simple moving average of $122.51.

About Direxion Daily S&P 500 Bull 3X

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.