Wealth Watch Advisors INC Buys New Stake in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,269 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at $2,238,000. Insight Wealth Partners LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares by 346.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 115,614 shares of the company’s stock valued at $20,062,000 after buying an additional 89,717 shares in the last quarter. Wallace Advisory Group LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares by 8.7% in the 2nd quarter. Wallace Advisory Group LLC now owns 6,180 shares of the company’s stock valued at $1,072,000 after buying an additional 496 shares in the last quarter. Members Advisory Group LLC increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 2.9% during the 2nd quarter. Members Advisory Group LLC now owns 34,021 shares of the company’s stock valued at $5,908,000 after buying an additional 952 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter worth about $1,351,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 2.4%

Shares of NYSEARCA:SPXL opened at $220.00 on Monday. The company has a 50 day moving average of $203.99 and a 200-day moving average of $173.74. The firm has a market cap of $5.79 billion, a P/E ratio of 25.10 and a beta of 3.08. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $87.08 and a twelve month high of $221.28.

Direxion Daily S&P 500 Bull 3x Shares 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.