PPSC Investment Service Corp trimmed its position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) by 0.7% during the first quarter, Holdings Channel.com reports. The firm owned 2,532,812 shares of the company’s stock after selling 17,733 shares during the period. Direxion Daily S&P 500 Bull 3x Shares accounts for 36.9% of PPSC Investment Service Corp’s holdings, making the stock its biggest position. PPSC Investment Service Corp owned approximately 0.11% of Direxion Daily S&P 500 Bull 3x Shares worth $468,292,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after purchasing an additional 60 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after buying an additional 100,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at about $3,932,000. Cresset Asset Management LLC increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 7.0% during the second quarter. Cresset Asset Management LLC now owns 3,435 shares of the company’s stock worth $598,000 after acquiring an additional 225 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 36.7% in the 2nd quarter. Cerity Partners LLC now owns 2,795 shares of the company’s stock worth $485,000 after acquiring an additional 751 shares during the last quarter.
Direxion Daily S&P 500 Bull 3x Shares Stock Performance
Shares of NYSEARCA SPXL opened at $265.13 on Tuesday. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $168.04 and a fifty-two week high of $289.00. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. The firm’s 50-day simple moving average is $263.05 and its 200 day simple moving average is $232.40.
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. 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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