LifeGuide Financial Advisors LLC cut its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 18.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,865 shares of the company’s stock after selling 2,772 shares during the period. Direxion Daily S&P 500 Bull 3X makes up about 0.8% of LifeGuide Financial Advisors LLC’s portfolio, making the stock its 14th biggest holding. LifeGuide Financial Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently modified their holdings of the stock. PPSC Investment Service Corp grew its stake in Direxion Daily S&P 500 Bull 3X by 1.4% during the first quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock worth $326,577,000 after buying an additional 32,500 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 1st quarter worth approximately $53,754,000. Jump Financial LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 0.8% in the fourth quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock valued at $17,028,000 after acquiring an additional 1,235 shares during the last quarter. Virtu Financial LLC raised its position in Direxion Daily S&P 500 Bull 3X by 1,173.8% during the fourth quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock valued at $12,444,000 after purchasing an additional 110,267 shares in the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $5,495,000.
Direxion Daily S&P 500 Bull 3X Stock Up 0.2 %
Shares of SPXL traded up $0.32 during midday trading on Monday, hitting $146.39. The company’s stock had a trading volume of 2,287,266 shares, compared to its average volume of 6,065,543. Direxion Daily S&P 500 Bull 3X has a one year low of $67.60 and a one year high of $151.00. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company’s fifty day simple moving average is $134.17 and its two-hundred day simple moving average is $122.84.
Direxion Daily S&P 500 Bull 3X Profile
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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