Smith Chas P & Associates PA Cpas Has $4.41 Million Stock Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Smith Chas P & Associates PA Cpas lessened its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,149 shares of the company’s stock after selling 1,683 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Direxion Daily S&P 500 Bull 3X were worth $4,411,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter valued at about $3,067,000. Creative Planning boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 6.4% during the 2nd quarter. Creative Planning now owns 6,523 shares of the company’s stock worth $953,000 after acquiring an additional 390 shares during the period. Wallace Advisory Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter worth approximately $256,000. Brookstone Capital Management bought a new stake in Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at $205,000. Finally, Kelly Financial Services LLC lifted its holdings in Direxion Daily S&P 500 Bull 3X by 1.4% during the 3rd quarter. Kelly Financial Services LLC now owns 5,804 shares of the company’s stock valued at $952,000 after purchasing an additional 79 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA:SPXL opened at $185.99 on Friday. The company has a market cap of $5.92 billion, a P/E ratio of 33.36 and a beta of 2.99. The firm’s fifty day moving average price is $178.24 and its two-hundred day moving average price is $163.92. Direxion Daily S&P 500 Bull 3X has a one year low of $107.49 and a one year 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.