Cresset Asset Management LLC Has $542,000 Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Cresset Asset Management LLC increased its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 4.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,210 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Cresset Asset Management LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $542,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPXL. Howard Capital Management Inc. boosted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 16.6% in the 4th quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock valued at $408,077,000 after buying an additional 344,346 shares during the last quarter. Wealthstar Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $50,038,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $24,552,000. Members Advisory Group LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $5,361,000. Finally, PPSC Investment Service Corp boosted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.2% in the 4th quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock valued at $428,742,000 after buying an additional 29,486 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $151.20 on Thursday. The business has a fifty day simple moving average of $129.89 and a two-hundred day simple moving average of $160.44. 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 $4.76 billion, a price-to-earnings ratio of 23.22 and a beta of 3.05.

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.