Trinity Legacy Partners LLC Grows Stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Trinity Legacy Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,480 shares of the company’s stock after purchasing an additional 182 shares during the period. Trinity Legacy Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp raised its holdings in Direxion Daily S&P 500 Bull 3X by 55.4% during 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 during the period. Larson Financial Group LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 358.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after acquiring an additional 929 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter worth about $203,000. Private Advisor Group LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd 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. Finally, Walleye Trading LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth about $248,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of NYSEARCA SPXL opened at $186.32 on Friday. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $111.54 and a fifty-two week high of $190.34. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The business’s 50 day moving average price is $178.18 and its 200-day moving average price is $168.16.

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.