Tudor Investment Corp ET AL Makes New $929,000 Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Tudor Investment Corp ET AL bought a new stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,509 shares of the company’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SPXL. PNC Financial Services Group Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $34,000. IFP Advisors Inc acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $67,000. PayPay Securities Corp lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after acquiring an additional 201 shares in the last quarter. Wealth Alliance Advisory Group LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at $203,000. Finally, Raymond James Financial Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at $224,000.

Direxion Daily S&P 500 Bull 3X Stock Down 2.5 %

Shares of SPXL opened at $130.89 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 52-week low of $87.08 and a 52-week high of $190.34. The stock has a market cap of $4.15 billion, a PE ratio of 19.59 and a beta of 3.03. The firm’s fifty day moving average is $131.99 and its two-hundred day moving average is $161.48.

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.