Ellis Investment Partners LLC Sells 117 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Ellis Investment Partners LLC decreased its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,116 shares of the company’s stock after selling 117 shares during the quarter. Ellis Investment Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $357,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after buying an additional 201 shares in the last quarter. Larson Financial Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 358.7% during the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after purchasing an additional 929 shares during the period. Wealth Alliance Advisory Group LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth approximately $203,000. Trinity Legacy Partners LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $223,000. Finally, Private Advisor Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after purchasing an additional 75 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Down 0.1 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $185.97 on Monday. The stock has a market capitalization of $5.92 billion, a P/E ratio of 33.36 and a beta of 2.99. The stock has a 50 day moving average price of $178.11 and a two-hundred day moving average price of $167.21. Direxion Daily S&P 500 Bull 3X has a 12-month low of $111.54 and a 12-month high of $190.34.

Direxion Daily S&P 500 Bull 3X Company 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.