Silverleafe Capital Partners LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 149.3% during the 4th quarter, Holdings Channel reports. The fund owned 3,724 shares of the company’s stock after buying an additional 2,230 shares during the quarter. Silverleafe Capital Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $628,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC raised its position in Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after purchasing an additional 75 shares during the period. HighTower Advisors LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares during the last quarter. Kelly Financial Services LLC raised its holdings in Direxion Daily S&P 500 Bull 3X by 1.4% in the 3rd quarter. Kelly Financial Services LLC now owns 5,804 shares of the company’s stock valued at $952,000 after buying an additional 79 shares during the period. Summit Financial Strategies Inc. lifted its position in Direxion Daily S&P 500 Bull 3X by 6.8% in the third quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock valued at $539,000 after buying an additional 209 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Direxion Daily S&P 500 Bull 3X by 7.1% during the third quarter. EP Wealth Advisors LLC now owns 3,864 shares of the company’s stock worth $634,000 after buying an additional 256 shares during the period.
Direxion Daily S&P 500 Bull 3X Stock Up 2.8 %
Shares of SPXL traded up $4.84 during trading on Monday, reaching $178.21. 2,180,244 shares of the company traded hands, compared to its average volume of 5,185,905. The stock has a 50-day simple moving average of $177.31 and a 200-day simple moving average of $161.35. Direxion Daily S&P 500 Bull 3X has a twelve month low of $99.15 and a twelve month high of $190.34. The stock has a market cap of $5.68 billion, a PE 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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Want to see what other hedge funds are holding SPXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report).
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