Direxion Daily S&P 500 Bull 3X ETF $SPXL Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lessened its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 41.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,888 shares of the company’s stock after selling 10,368 shares during the period. Smith Chas P & Associates PA Cpas owned approximately 0.06% of Direxion Daily S&P 500 Bull 3X ETF worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Net Worth Advisory Group boosted its position in Direxion Daily S&P 500 Bull 3X ETF by 10.2% in the 3rd quarter. Net Worth Advisory Group now owns 3,049 shares of the company’s stock worth $862,000 after purchasing an additional 283 shares in the last quarter. Encompass More Asset Management lifted its stake in Direxion Daily S&P 500 Bull 3X ETF by 8.9% in the 3rd quarter. Encompass More Asset Management now owns 12,228 shares of the company’s stock valued at $3,437,000 after buying an additional 1,001 shares in the last quarter. AlphaStar Capital Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X ETF in the 3rd quarter worth about $663,000. Millennium Capital Advisors LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF by 43.2% during the third quarter. Millennium Capital Advisors LLC now owns 3,478 shares of the company’s stock valued at $978,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the third quarter worth approximately $47,000.

Direxion Daily S&P 500 Bull 3X ETF Stock Up 1.6%

Shares of NYSEARCA SPXL opened at $290.87 on Thursday. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X ETF has a 52 week low of $168.04 and a 52 week high of $303.18. The firm has a 50-day simple moving average of $287.95 and a 200-day simple moving average of $270.68.

Direxion Daily S&P 500 Bull 3X ETF 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.