Succession Financial Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 145,356 shares of the company’s stock, valued at approximately $39,344,000. Direxion Daily S&P 500 Bull 3x Shares comprises approximately 37.4% of Succession Financial Inc.’s investment portfolio, making the stock its largest position. Succession Financial Inc. owned approximately 0.58% of Direxion Daily S&P 500 Bull 3x Shares as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. boosted its holdings 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 worth $33,000 after purchasing an additional 123 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 54.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after buying an additional 66 shares during the last quarter. Parallel Advisors LLC raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 44.4% during the 1st quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock valued at $60,000 after buying an additional 100 shares during the last quarter. Quattro Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter valued at $64,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 60 shares during the period.
Direxion Daily S&P 500 Bull 3x Shares Price Performance
SPXL stock opened at $290.29 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $168.04 and a 1 year high of $303.18. The company has a market cap of $7.27 billion, a P/E ratio of 25.10 and a beta of 3.02. The stock’s fifty day moving average price is $279.49 and its 200-day moving average price is $251.09.
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.
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