Ashton Thomas Private Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,847 shares of the company’s stock, valued at approximately $2,238,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its position in Direxion Daily S&P 500 Bull 3x Shares by 57.5% during the 1st quarter. IFP Advisors Inc now owns 630 shares of the company’s stock worth $88,000 after purchasing an additional 230 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 38.1% in the 2nd quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock worth $126,000 after acquiring an additional 200 shares during the period. Virtu Financial LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 111.1% in the 1st quarter. Virtu Financial LLC now owns 19,847 shares of the company’s stock worth $2,786,000 after acquiring an additional 10,444 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the 1st quarter worth $741,000. Finally, Financial Management Network Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter worth $220,000.
Direxion Daily S&P 500 Bull 3x Shares Stock Performance
SPXL stock opened at $229.55 on Wednesday. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year high of $231.45. The stock has a market capitalization of $6.04 billion, a PE ratio of 25.10 and a beta of 3.03. The company has a fifty day moving average of $205.51 and a 200-day moving average of $175.31.
About Direxion Daily S&P 500 Bull 3x Shares
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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