Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Sets New 1-Year High – Here’s What Happened

Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $244.80 and last traded at $244.65, with a volume of 1556352 shares. The stock had previously closed at $239.60.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

The stock’s fifty day moving average is $210.79 and its 200-day moving average is $217.34. The stock has a market capitalization of $5.94 billion, a PE ratio of 25.10 and a beta of 3.01.

Institutional Trading of Direxion Daily S&P 500 Bull 3x Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after buying an additional 100,000 shares during the period. Group One Trading LLC lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% during the second quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock valued at $7,894,000 after purchasing an additional 41,942 shares in the last quarter. BXM Wealth LLC purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at $5,354,000. Corient Private Wealth LLC lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 336.7% during the second quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock valued at $5,449,000 after purchasing an additional 24,210 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at $3,932,000.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.