Direxion Daily S&P 500 Bull 3X ETF $SPXL Stock Sold by Succession Financial Inc.

Succession Financial Inc. cut its position in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,233 shares of the company’s stock after selling 6,123 shares during the period. Direxion Daily S&P 500 Bull 3X ETF accounts for 37.9% of Succession Financial Inc.’s holdings, making the stock its largest position. Succession Financial Inc. owned about 0.56% of Direxion Daily S&P 500 Bull 3X ETF worth $39,138,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the third quarter valued at approximately $1,012,000. Silverleafe Capital Partners LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the third quarter valued at approximately $490,000. Insight Wealth Partners LLC lifted its position in Direxion Daily S&P 500 Bull 3X ETF by 78.8% during the second quarter. Insight Wealth Partners LLC now owns 176,249 shares of the company’s stock worth $47,705,000 after buying an additional 77,660 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth approximately $273,000. Finally, Waverly Advisors LLC purchased a new position in Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth approximately $263,000.

Direxion Daily S&P 500 Bull 3X ETF Stock Performance

NYSEARCA SPXL opened at $297.42 on Wednesday. The stock’s fifty day moving average is $288.88 and its two-hundred day moving average is $266.23. The firm has a market capitalization of $7.39 billion, a P/E ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X ETF has a fifty-two week low of $168.04 and a fifty-two week high of $303.18.

Direxion Daily S&P 500 Bull 3X ETF 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.