Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $172.95 and last traded at $172.95, with a volume of 141647 shares trading hands. The stock had previously closed at $169.95.
Direxion Daily S&P 500 Bull 3X Price Performance
The business’s fifty day simple moving average is $154.12 and its two-hundred day simple moving average is $142.78. The company has a market cap of $5.46 billion, a PE ratio of 33.36 and a beta of 2.99.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kelly Financial Services LLC increased its position in Direxion Daily S&P 500 Bull 3X by 1.4% during the third quarter. Kelly Financial Services LLC now owns 5,804 shares of the company’s stock worth $952,000 after purchasing an additional 79 shares during the last quarter. NovaPoint Capital LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 7.5% in the 2nd quarter. NovaPoint Capital LLC now owns 1,701 shares of the company’s stock valued at $248,000 after purchasing an additional 119 shares during the last quarter. Summit Financial Strategies Inc. raised its holdings in Direxion Daily S&P 500 Bull 3X by 6.8% in the 3rd quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock valued at $539,000 after buying an additional 209 shares during the period. PayPay Securities Corp increased its position in shares of Direxion Daily S&P 500 Bull 3X by 24.0% during the first quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock valued at $169,000 after acquiring an additional 244 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 1st quarter worth approximately $36,000.
About Direxion Daily S&P 500 Bull 3X
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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