IMC Chicago LLC Has $4.17 Million Stock Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

IMC Chicago LLC reduced its holdings in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 26.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,570 shares of the company’s stock after selling 8,162 shares during the quarter. IMC Chicago LLC owned about 0.09% of Direxion Daily S&P 500 Bull 3x Shares worth $4,173,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG grew its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 82.0% during the 1st quarter. J. Safra Sarasin Holding AG now owns 36,400 shares of the company’s stock worth $6,730,000 after buying an additional 16,400 shares during the period. Summit Financial Strategies Inc. raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 75.0% during the 1st quarter. Summit Financial Strategies Inc. now owns 2,891 shares of the company’s stock worth $535,000 after buying an additional 1,239 shares during the period. Walser Wealth Management Company A Ltd Liability Co bought a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 1st quarter valued at $366,000. New Perspectives Inc raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 8.8% in the 1st quarter. New Perspectives Inc now owns 1,550 shares of the company’s stock worth $287,000 after acquiring an additional 125 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares in the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

SPXL opened at $278.71 on Thursday. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $168.04 and a 1 year high of $289.00. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. The firm’s fifty day moving average price is $270.39 and its two-hundred day moving average price is $236.71.

About Direxion Daily S&P 500 Bull 3x Shares

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.