Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) Shares Break Above Fifty Day Moving Average – Here’s Why

Posted by Linda Flegge on Oct 31st, 2026

Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $286.70 and traded as high as $290.17. Direxion Daily S&P 500 Bull 3X ETF shares last traded at $288.95, with a volume of 1,162,465 shares traded.

Direxion Daily S&P 500 Bull 3X ETF Stock Performance

The company has a 50-day moving average of $286.34 and a 200 day moving average of $255.14. The firm has a market cap of $6.70 billion, a P/E ratio of 25.10 and a beta of 3.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC lifted its holdings in Direxion Daily S&P 500 Bull 3X ETF by 52.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 2,399 shares of the company’s stock valued at $674,000 after purchasing an additional 823 shares during the last quarter. Signaturefd LLC acquired a new position in Direxion Daily S&P 500 Bull 3X ETF in the third quarter valued at about $50,000. Citizens Financial Group Inc. RI bought a new stake in Direxion Daily S&P 500 Bull 3X ETF during the third quarter worth about $1,489,000. Capital Investment Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3X ETF during the third quarter worth about $221,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the third quarter worth approximately $174,000.

Direxion Daily S&P 500 Bull 3X ETF Company Profile

(Get Free Report)

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.