SBI Securities Co. Ltd. cut its stake in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL – Free Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,272 shares of the company’s stock after selling 6,102 shares during the period. Direxion Daily S&P 500 Bull 3X ETF makes up about 0.7% of SBI Securities Co. Ltd.’s portfolio, making the stock its 28th biggest holding. SBI Securities Co. Ltd. owned approximately 0.47% of Direxion Daily S&P 500 Bull 3X ETF worth $32,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently modified their holdings of the stock. Net Worth Advisory Group grew its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF by 10.2% during the 3rd quarter. Net Worth Advisory Group now owns 3,049 shares of the company’s stock worth $862,000 after purchasing an additional 283 shares in the last quarter. Encompass More Asset Management increased its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 8.9% in the third quarter. Encompass More Asset Management now owns 12,228 shares of the company’s stock worth $3,437,000 after purchasing an additional 1,001 shares during the period. AlphaStar Capital Management LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X ETF in the third quarter worth $663,000. Millennium Capital Advisors LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 43.2% in the third quarter. Millennium Capital Advisors LLC now owns 3,478 shares of the company’s stock worth $978,000 after purchasing an additional 1,049 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Direxion Daily S&P 500 Bull 3X ETF in the third quarter valued at about $47,000.
Direxion Daily S&P 500 Bull 3X ETF Stock Down 3.6%
SPXL stock opened at $280.41 on Friday. Direxion Daily S&P 500 Bull 3X ETF has a 52 week low of $168.04 and a 52 week high of $303.18. The business has a 50-day simple moving average of $287.53 and a 200 day simple moving average of $271.32. The company has a market cap of $6.94 billion, a PE ratio of 25.10 and a beta of 3.03.
Direxion Daily S&P 500 Bull 3X ETF 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.
Featured Stories
- Five stocks we like better than Direxion Daily S&P 500 Bull 3X ETF
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Want to see what other hedge funds are holding SPXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bull 3X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bull 3X ETF and related companies with MarketBeat.com's FREE daily email newsletter.
