Encompass More Asset Management Has $565,000 Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Encompass More Asset Management reduced its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,350 shares of the company’s stock after selling 456 shares during the period. Encompass More Asset Management’s holdings in Direxion Daily S&P 500 Bull 3X were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter valued at approximately $643,000. HighTower Advisors LLC grew its position in Direxion Daily S&P 500 Bull 3X by 1.3% in the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock valued at $939,000 after acquiring an additional 76 shares during the period. Private Advisor Group LLC raised its stake in Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 189.6% during the third quarter. Townsquare Capital LLC now owns 5,068 shares of the company’s stock valued at $831,000 after acquiring an additional 3,318 shares during the period. Finally, Walleye Trading LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at $248,000.

Direxion Daily S&P 500 Bull 3X Stock Up 0.1 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $187.93 on Friday. The stock has a market capitalization of $5.99 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 12-month low of $107.49 and a 12-month high of $190.34. The company has a 50-day simple moving average of $177.93 and a 200 day simple moving average of $163.64.

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.