Virtu Financial LLC raised its position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,957 shares of the company’s stock after buying an additional 20,544 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for 0.5% of Virtu Financial LLC’s holdings, making the stock its 9th biggest holding. Virtu Financial LLC owned 0.22% of Direxion Daily S&P 500 Bull 3x Shares worth $12,344,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Quattro Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter worth approximately $64,000. Bank of America Corp DE raised its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after buying an additional 576 shares during the period. Finally, Virtus Wealth Solutions LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at approximately $201,000.
Direxion Daily S&P 500 Bull 3x Shares Stock Performance
NYSEARCA:SPXL opened at $272.62 on Friday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $153.46 and a fifty-two week high of $289.00. The stock has a fifty day moving average price of $256.93 and a 200-day moving average price of $230.45.
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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.
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