Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Gap Down – Here’s Why

Posted by Stuart Ham on Apr 7th, 2025

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $101.50, but opened at $91.46. Direxion Daily S&P 500 Bull 3X shares last traded at $88.01, with a volume of 3,038,809 shares changing hands.

Direxion Daily S&P 500 Bull 3X Stock Down 0.7 %

The firm has a 50-day moving average price of $162.03 and a two-hundred day moving average price of $169.23. The firm has a market cap of $2.90 billion, a PE ratio of 22.84 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.4935 dividend. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 3X

A number of institutional investors and hedge funds have recently bought and sold shares of SPXL. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $34,000. Park Square Financial Group LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth approximately $51,000. IFP Advisors Inc purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth approximately $67,000. Bank of America Corp DE boosted its stake in Direxion Daily S&P 500 Bull 3X by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares during the last quarter. Finally, PayPay Securities Corp grew its holdings in Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after buying an additional 201 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Company Profile

(Get Free Report)

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.