Mittelman Wealth Management Purchases Shares of 3,653 Direxion Daily S&P 500 Bull 3x Shares $SPXL

Mittelman Wealth Management acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,653 shares of the company’s stock, valued at approximately $634,000. Direxion Daily S&P 500 Bull 3x Shares makes up approximately 0.5% of Mittelman Wealth Management’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after purchasing an additional 60 shares during the last quarter. IFP Advisors Inc boosted its position in Direxion Daily S&P 500 Bull 3x Shares by 57.5% in the first quarter. IFP Advisors Inc now owns 630 shares of the company’s stock valued at $88,000 after buying an additional 230 shares in the last quarter. Beacon Capital Management LLC boosted its position in Direxion Daily S&P 500 Bull 3x Shares by 92.6% in the second quarter. Beacon Capital Management LLC now owns 570 shares of the company’s stock valued at $99,000 after buying an additional 274 shares in the last quarter. Parallel Advisors LLC grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 38.1% during the second quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock worth $126,000 after buying an additional 200 shares during the last quarter. Finally, Main Street Group LTD grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 18.6% during the second quarter. Main Street Group LTD now owns 734 shares of the company’s stock worth $127,000 after buying an additional 115 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 5.0%

NYSEARCA SPXL opened at $213.39 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $87.08 and a 1-year high of $232.19. The company has a 50 day moving average of $212.40 and a 200-day moving average of $183.73. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03.

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.