Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Holdings Boosted by PayPay Securities Corp

PayPay Securities Corp boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 62.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 914 shares of the company’s stock after buying an additional 350 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares makes up approximately 7.3% of PayPay Securities Corp’s investment portfolio, making the stock its biggest holding. PayPay Securities Corp’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $128,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at approximately $34,000. Park Square Financial Group LLC purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at approximately $51,000. IFP Advisors Inc purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at approximately $67,000. Bank of America Corp DE increased its holdings in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after buying an additional 60 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at approximately $224,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 3.4%

Shares of SPXL stock opened at $156.56 on Monday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 23.22 and a beta of 3.05. The company’s 50 day moving average is $137.37 and its 200 day moving average is $157.17. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $87.08 and a 52-week high of $190.34.

Direxion Daily S&P 500 Bull 3x Shares 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.