6,637 Shares in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Bought by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,637 shares of the company’s stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PPSC Investment Service Corp grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 1.2% during the fourth quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock worth $428,742,000 after purchasing an additional 29,486 shares in the last quarter. Howard Capital Management Inc. grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 16.6% during the fourth quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock worth $408,077,000 after purchasing an additional 344,346 shares in the last quarter. Wealthstar Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $50,038,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $24,552,000. Finally, Gainplan LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 275.2% during the fourth quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after purchasing an additional 45,966 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA SPXL opened at $122.60 on Thursday. Direxion Daily S&P 500 Bull 3X has a 1 year low of $87.08 and a 1 year high of $190.34. The company has a market capitalization of $3.52 billion, a PE ratio of 22.84 and a beta of 3.03. The company has a fifty day moving average of $154.71 and a two-hundred day moving average of $167.28.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.4935 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

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.