Spire Wealth Management reduced its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 13.8% during the fourth quarter, HoldingsChannel reports. The firm owned 19,601 shares of the company’s stock after selling 3,126 shares during the quarter. Spire Wealth Management’s holdings in Direxion Daily S&P 500 Bull 3X were worth $3,307,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 358.7% in the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after buying an additional 929 shares in the last quarter. Wealth Alliance Advisory Group LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at $203,000. Brookstone Capital Management acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at $205,000. Trinity Legacy Partners LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $223,000. Finally, CRA Financial Services LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth about $235,000.
Direxion Daily S&P 500 Bull 3X Trading Down 1.7 %
Direxion Daily S&P 500 Bull 3X stock opened at $179.98 on Monday. The company has a market capitalization of $5.73 billion, a PE ratio of 33.36 and a beta of 2.99. The stock has a 50-day moving average price of $178.77 and a two-hundred day moving average price of $164.74. Direxion Daily S&P 500 Bull 3X has a 12 month low of $107.49 and a 12 month high of $190.34.
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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