Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 730.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,934 shares of the company’s stock after purchasing an additional 3,460 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMC Chicago LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $57,721,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter worth about $29,479,000. Gainplan LLC raised its stake in Direxion Daily S&P 500 Bull 3X by 275.2% during the fourth quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after purchasing an additional 45,966 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at about $5,453,000. Finally, Smithfield Trust Co purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at approximately $4,506,000.

Direxion Daily S&P 500 Bull 3X Stock Up 5.4 %

SPXL stock opened at $173.15 on Thursday. Direxion Daily S&P 500 Bull 3X has a 52-week low of $99.72 and a 52-week high of $190.34. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The business has a fifty day moving average of $178.06 and a two-hundred day moving average of $162.42.

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.