Navigation Wealth Management Inc. Raises Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Navigation Wealth Management Inc. raised its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,792 shares of the company’s stock after purchasing an additional 233 shares during the period. Direxion Daily S&P 500 Bull 3X accounts for approximately 0.5% of Navigation Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Navigation Wealth Management Inc.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth $57,721,000. Quadrature Capital Ltd purchased a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter valued at about $29,479,000. Gainplan LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X by 275.2% in the fourth quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after acquiring an additional 45,966 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Direxion Daily S&P 500 Bull 3X by 1.2% in the second quarter. Hollencrest Capital Management now owns 52,216 shares of the company’s stock worth $7,627,000 after acquiring an additional 613 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the second quarter worth about $6,555,000.

Direxion Daily S&P 500 Bull 3X Stock Up 0.4 %

SPXL stock opened at $163.79 on Tuesday. The stock has a market capitalization of $5.22 billion, a PE ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 52 week low of $99.72 and a 52 week high of $190.34. The firm has a 50 day moving average of $178.05 and a 200 day moving average of $162.29.

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.