Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 37.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,383 shares of the company’s stock after acquiring an additional 10,434 shares during the period. Traynor Capital Management Inc.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $6,475,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in SPXL. Larson Financial Group LLC grew its stake in Direxion Daily S&P 500 Bull 3X by 358.7% during the 3rd 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. Wealth Alliance Advisory Group LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth $203,000. Brookstone Capital Management acquired a new position in Direxion Daily S&P 500 Bull 3X in the third quarter valued at $205,000. Trinity Legacy Partners LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter valued at about $223,000. Finally, CRA Financial Services LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the third quarter worth about $235,000.
Direxion Daily S&P 500 Bull 3X Stock Up 1.6 %
Shares of SPXL stock opened at $184.79 on Thursday. The stock’s 50-day moving average price is $177.73 and its 200 day moving average price is $163.47. The stock has a market capitalization of $5.89 billion, a PE ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 52-week low of $107.49 and a 52-week high of $190.34.
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.
Featured Articles
- Five stocks we like better than Direxion Daily S&P 500 Bull 3X
- How to Use the MarketBeat Stock Screener
- 2 ETFs to Maximize Gains With Covered Call Strategies
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 Small-Cap Stocks Insiders and Institutions Are Buying
- What Investors Need to Know to Beat the Market
- MaxCyte: Building the Future of Cell and Gene Therapy Innovation
Want to see what other hedge funds are holding SPXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bull 3X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bull 3X and related companies with MarketBeat.com's FREE daily email newsletter.
