Smithfield Trust Co Has $3.96 Million Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Smithfield Trust Co trimmed its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,450 shares of the company’s stock after selling 4,040 shares during the quarter. Smithfield Trust Co’s holdings in Direxion Daily S&P 500 Bull 3X were worth $3,956,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Howard Capital Management Inc. grew its stake in Direxion Daily S&P 500 Bull 3X by 16.6% during the fourth quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock worth $408,077,000 after buying an additional 344,346 shares in the last quarter. Wealthstar Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter worth approximately $50,038,000. Quadrature Capital Ltd bought a new position in Direxion Daily S&P 500 Bull 3X in the third quarter valued at approximately $29,479,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $24,552,000. Finally, Gainplan LLC lifted 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 last quarter.

Direxion Daily S&P 500 Bull 3X Stock Down 3.6 %

Shares of SPXL stock opened at $156.21 on Wednesday. The business has a fifty day simple moving average of $177.07 and a 200 day simple moving average of $170.46. The company has a market cap of $4.69 billion, a P/E ratio of 25.69 and a beta of 3.10. Direxion Daily S&P 500 Bull 3X has a twelve month low of $111.54 and a twelve month high of $190.34.

Direxion Daily S&P 500 Bull 3X Company 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.