Orion Porfolio Solutions LLC Makes New Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Orion Porfolio Solutions LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,582 shares of the company’s stock, valued at approximately $1,142,000.

A number of other hedge funds have also recently made changes to their positions in SPXL. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth about $52,000. Tower Research Capital LLC TRC boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 10.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 44,841 shares of the company’s stock worth $7,781,000 after purchasing an additional 4,130 shares during the period. Corient Private Wealth LLC boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 336.7% in the 2nd quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock worth $5,449,000 after purchasing an additional 24,210 shares during the period. Modern Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter valued at approximately $2,974,000. Finally, HRT Financial LP purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter valued at approximately $1,795,000.

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

SPXL stock opened at $224.22 on Tuesday. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year high of $232.19. The company’s fifty day moving average price is $217.06 and its 200-day moving average price is $197.89. The company has a market capitalization of $6.13 billion, a PE ratio of 25.10 and a beta of 3.03.

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.