GUNN & Co INVESTMENT MANAGEMENT INC. Acquires New Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 52,837 shares of the company’s stock, valued at approximately $5,495,000. GUNN & Co INVESTMENT MANAGEMENT INC. owned approximately 0.15% of Direxion Daily S&P 500 Bull 3X as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. PayPay Securities Corp increased its position in shares of Direxion Daily S&P 500 Bull 3X by 16.7% during the fourth quarter. PayPay Securities Corp now owns 1,015 shares of the company’s stock valued at $106,000 after acquiring an additional 145 shares in the last quarter. Ellis Investment Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth $219,000. Charter Oak Capital Management LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 0.3% during the fourth quarter. Charter Oak Capital Management LLC now owns 28,550 shares of the company’s stock valued at $2,969,000 after purchasing an additional 96 shares in the last quarter. Traynor Capital Management Inc. boosted its position in shares of Direxion Daily S&P 500 Bull 3X by 17.0% during the fourth quarter. Traynor Capital Management Inc. now owns 21,020 shares of the company’s stock valued at $2,186,000 after buying an additional 3,056 shares during the last quarter. Finally, Keating Wealth Management LLC purchased a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $218,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

SPXL opened at $122.86 on Friday. The company’s 50-day simple moving average is $125.30 and its two-hundred day simple moving average is $107.77. The stock has a market capitalization of $3.91 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 52-week low of $67.60 and a 52-week high of $135.20.

Direxion Daily S&P 500 Bull 3X 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.