Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $207.32 and last traded at $205.58, with a volume of 2320313 shares traded. The stock had previously closed at $206.48.
Direxion Daily S&P 500 Bull 3x Shares Stock Performance
The business’s 50-day moving average is $188.82 and its 200-day moving average is $159.42. The company has a market capitalization of $6.02 billion, a PE ratio of 25.10 and a beta of 3.08.
Institutional Trading of Direxion Daily S&P 500 Bull 3x Shares
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 57.5% in the first quarter. IFP Advisors Inc now owns 630 shares of the company’s stock worth $88,000 after acquiring an additional 230 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 1st quarter worth about $741,000. Virtu Financial LLC raised its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 111.1% in the 1st quarter. Virtu Financial LLC now owns 19,847 shares of the company’s stock worth $2,786,000 after purchasing an additional 10,444 shares during the last quarter. PayPay Securities Corp boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 62.1% in the 1st quarter. PayPay Securities Corp now owns 914 shares of the company’s stock worth $128,000 after purchasing an additional 350 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 1st quarter valued at about $435,000.
About Direxion Daily S&P 500 Bull 3x Shares
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.
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