Townsquare Capital LLC raised its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,694 shares of the company’s stock after purchasing an additional 626 shares during the quarter. Townsquare Capital LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $961,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter worth approximately $34,000. IFP Advisors Inc purchased a new stake in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $67,000. PayPay Securities Corp lifted its stake in Direxion Daily S&P 500 Bull 3X by 55.4% during the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after purchasing an additional 201 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $203,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $224,000.
Direxion Daily S&P 500 Bull 3X Trading Up 0.2 %
SPXL stock opened at $110.64 on Friday. The business’s fifty day moving average price is $145.33 and its 200 day moving average price is $164.92. Direxion Daily S&P 500 Bull 3X has a 12-month low of $87.08 and a 12-month high of $190.34. The company has a market capitalization of $3.18 billion, a PE ratio of 22.84 and a beta of 3.03.
Direxion Daily S&P 500 Bull 3X 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.
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Want to see what other hedge funds are holding SPXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report).
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