Wealthspire Advisors LLC Sells 1,803 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Wealthspire Advisors LLC lowered its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 55.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,421 shares of the company’s stock after selling 1,803 shares during the quarter. Wealthspire Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PPSC Investment Service Corp lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 1.2% during the 4th quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock worth $428,742,000 after buying an additional 29,486 shares during the period. IMC Chicago LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth approximately $57,721,000. Wealthstar Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter worth approximately $50,038,000. Quadrature Capital Ltd bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth approximately $29,479,000. Finally, Gainplan LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 275.2% during the 4th quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after buying an additional 45,966 shares during the period.

Direxion Daily S&P 500 Bull 3X Price Performance

Direxion Daily S&P 500 Bull 3X stock opened at $163.55 on Friday. The company has a market capitalization of $4.91 billion, a PE ratio of 25.69 and a beta of 3.10. Direxion Daily S&P 500 Bull 3X has a one year low of $111.54 and a one year high of $190.34. The business has a 50 day simple moving average of $177.43 and a 200 day simple moving average of $169.69.

Direxion Daily S&P 500 Bull 3X 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.