Larson Financial Group LLC decreased its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 71.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 336 shares of the company’s stock after selling 852 shares during the quarter. Larson Financial Group LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $57,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $34,000. Berkshire Asset Management LLC PA bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $1,738,000. Raymond James Financial Inc. bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $224,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $24,552,000. Finally, Bouchey Financial Group Ltd bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $227,000.
Direxion Daily S&P 500 Bull 3X Stock Up 1.5 %
Shares of NYSEARCA SPXL opened at $140.86 on Thursday. The business has a fifty day simple moving average of $173.33 and a two-hundred day simple moving average of $170.17. The firm has a market cap of $4.23 billion, a PE 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 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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