Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Position Increased by Gainplan LLC

Gainplan LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 275.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 62,666 shares of the company’s stock after purchasing an additional 45,966 shares during the period. Direxion Daily S&P 500 Bull 3X accounts for about 4.0% of Gainplan LLC’s investment portfolio, making the stock its 4th largest holding. Gainplan LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $10,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its position in Direxion Daily S&P 500 Bull 3X by 358.7% during the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after purchasing an additional 929 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $205,000. Trinity Legacy Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $223,000. Wealthspire Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth approximately $205,000. Finally, CRA Financial Services LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter worth approximately $235,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA SPXL opened at $163.79 on Tuesday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a one year low of $99.72 and a one year high of $190.34. The firm’s 50 day simple moving average is $178.05 and its two-hundred day simple moving average is $162.29.

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.