Insight Wealth Partners LLC Raises Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Insight Wealth Partners LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 78.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,249 shares of the company’s stock after acquiring an additional 77,660 shares during the period. Direxion Daily S&P 500 Bull 3x Shares accounts for 6.4% of Insight Wealth Partners LLC’s portfolio, making the stock its 2nd largest holding. Insight Wealth Partners LLC owned about 0.70% of Direxion Daily S&P 500 Bull 3x Shares worth $47,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Newbridge Financial Services Group Inc. increased its holdings in Direxion Daily S&P 500 Bull 3x Shares by 384.4% during the 3rd 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 in the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after purchasing an additional 66 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 44.4% during the first quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Quattro Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $64,000. Finally, Bank of America Corp DE raised its holdings in shares of 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 buying an additional 60 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 1.7%

Shares of NYSEARCA SPXL opened at $285.44 on Wednesday. The firm’s 50-day simple moving average is $280.29 and its 200 day simple moving average is $252.31. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $168.04 and a 12-month high of $303.18.

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.