Direxion Daily S&P 500 Bull 3x Shares $SPXL Shares Sold by PPSC Investment Service Corp

PPSC Investment Service Corp reduced its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,532,812 shares of the company’s stock after selling 17,733 shares during the period. Direxion Daily S&P 500 Bull 3x Shares accounts for approximately 36.9% of PPSC Investment Service Corp’s investment portfolio, making the stock its biggest holding. PPSC Investment Service Corp owned approximately 10.66% of Direxion Daily S&P 500 Bull 3x Shares worth $468,292,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its stake in Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after buying an additional 123 shares during the period. Halbert Hargrove Global Advisors LLC grew its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 54.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after buying an additional 66 shares during the period. Quattro Advisors LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the 4th quarter valued at $64,000. Bank of America Corp DE increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after acquiring an additional 60 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 223.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after acquiring an additional 576 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 5.4%

NYSEARCA:SPXL opened at $265.13 on Tuesday. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. The firm has a fifty day simple moving average of $263.05 and a two-hundred day simple moving average of $232.40. Direxion Daily S&P 500 Bull 3x Shares has a 12 month low of $168.04 and a 12 month high of $289.00.

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.