Members Advisory Group LLC Sells 31,504 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

Members Advisory Group LLC lowered its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 95.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,575 shares of the company’s stock after selling 31,504 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for 0.1% of Members Advisory Group LLC’s portfolio, making the stock its 25th biggest position. Members Advisory Group LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $348,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the third quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Bank of America Corp DE lifted its position in 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 purchasing an additional 60 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 purchasing an additional 576 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the third quarter valued at approximately $186,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Performance

Shares of SPXL stock opened at $232.68 on Wednesday. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $105.85 and a fifty-two week high of $241.06. The stock has a 50 day moving average price of $208.25 and a two-hundred day moving average price of $216.22. The company has a market capitalization of $5.65 billion, a P/E ratio of 25.10 and a beta of 3.01.

Direxion Daily S&P 500 Bull 3x Shares Company 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.