TrueMark Investments LLC Acquires Shares of 7,783 Direxion Daily S&P 500 Bull 3x Shares $SPXL

TrueMark Investments LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,783 shares of the company’s stock, valued at approximately $1,351,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 57.5% during the 1st quarter. IFP Advisors Inc now owns 630 shares of the company’s stock valued at $88,000 after purchasing an additional 230 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 38.1% during the 2nd quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock valued at $126,000 after purchasing an additional 200 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 1st quarter valued at about $741,000. Virtu Financial LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 111.1% during the 1st quarter. Virtu Financial LLC now owns 19,847 shares of the company’s stock valued at $2,786,000 after purchasing an additional 10,444 shares during the last quarter. Finally, Financial Management Network Inc. bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter valued at about $220,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 1.6%

Shares of NYSEARCA SPXL opened at $208.42 on Friday. The firm’s 50-day moving average price is $201.67 and its 200-day moving average price is $169.52. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 25.10 and a beta of 3.08. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $218.88.

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.