Wallace Advisory Group LLC grew its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 189.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,068 shares of the company’s stock after acquiring an additional 3,318 shares during the quarter. Wallace Advisory Group LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $831,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPXL. Larson Financial Group LLC lifted 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 worth $195,000 after buying an additional 929 shares during the last quarter. Brookstone Capital Management purchased a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter worth $205,000. Trinity Legacy Partners LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter worth $223,000. Wealthspire Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X in the second quarter worth $205,000. Finally, CRA Financial Services LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter worth $235,000.
Direxion Daily S&P 500 Bull 3X Stock Up 0.4 %
SPXL stock opened at $163.79 on Tuesday. The business’s fifty 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 has a twelve month low of $99.72 and a twelve month high of $190.34. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.
About Direxion Daily S&P 500 Bull 3X
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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