Client First Investment Management LLC Makes New Investment in Direxion Daily S&P 500 Bull 2X Shares $SPUU

Client First Investment Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) during the second quarter, Holdings Channel reports. The firm acquired 5,849 shares of the company’s stock, valued at approximately $1,261,000. Direxion Daily S&P 500 Bull 2X Shares accounts for approximately 0.5% of Client First Investment Management LLC’s holdings, making the stock its 20th largest position.

Other large investors also recently modified their holdings of the company. Revere Asset Management Inc acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth approximately $22,611,000. Robinson Value Management Ltd. acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter valued at $12,351,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 2nd quarter valued at $7,678,000. Virtu Financial LLC grew its position in Direxion Daily S&P 500 Bull 2X Shares by 295.8% in the fourth quarter. Virtu Financial LLC now owns 35,007 shares of the company’s stock valued at $6,445,000 after acquiring an additional 26,163 shares during the period. Finally, UBS Group AG bought a new stake in Direxion Daily S&P 500 Bull 2X Shares in the third quarter valued at $3,238,000.

Direxion Daily S&P 500 Bull 2X Shares Price Performance

Direxion Daily S&P 500 Bull 2X Shares stock opened at $229.05 on Friday. The stock has a fifty day moving average price of $214.97 and a two-hundred day moving average price of $197.87. Direxion Daily S&P 500 Bull 2X Shares has a 52-week low of $154.85 and a 52-week high of $231.19. The firm has a market capitalization of $281.73 million, a P/E ratio of 25.96 and a beta of 2.02.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.