Direxion Daily S&P 500 Bull 3X ETF $SPXL Stock: Howard Capital Management LLC Cuts Position

Howard Capital Management LLC decreased its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,386,229 shares of the company’s stock after selling 28,072 shares during the period. Direxion Daily S&P 500 Bull 3X ETF makes up approximately 4.1% of Howard Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Howard Capital Management LLC owned about 0.06% of Direxion Daily S&P 500 Bull 3X ETF worth $389,669,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Insight Wealth Partners LLC lifted its holdings in Direxion Daily S&P 500 Bull 3X ETF by 78.8% in the 2nd quarter. Insight Wealth Partners LLC now owns 176,249 shares of the company’s stock valued at $47,705,000 after purchasing an additional 77,660 shares in the last quarter. Succession Financial Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth about $39,344,000. Virtu Financial LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF by 58.0% during the fourth quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock worth $12,344,000 after buying an additional 20,544 shares in the last quarter. Gainplan LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X ETF in the second quarter valued at approximately $10,055,000. Finally, J. Safra Sarasin Holding AG raised its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 82.0% in the first quarter. J. Safra Sarasin Holding AG now owns 36,400 shares of the company’s stock valued at $6,730,000 after buying an additional 16,400 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X ETF Stock Down 3.4%

Shares of SPXL traded down $9.83 on Friday, hitting $280.17. 2,252,619 shares of the stock traded hands, compared to its average volume of 2,363,226. Direxion Daily S&P 500 Bull 3X ETF has a 1 year low of $168.04 and a 1 year high of $303.18. The stock’s 50 day moving average is $288.43 and its two-hundred day moving average is $267.90. The firm has a market capitalization of $6.92 billion, a P/E ratio of 25.10 and a beta of 3.03.

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.