Integrated Advisors Network LLC Takes $339,000 Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Integrated Advisors Network LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,261 shares of the company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. VitalStone Financial LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $80,000. PayPay Securities Corp raised its stake in Direxion Daily S&P 500 Bull 3X by 16.7% during the 4th quarter. PayPay Securities Corp now owns 1,015 shares of the company’s stock valued at $106,000 after purchasing an additional 145 shares during the period. Keating Wealth Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $218,000. Ellis Investment Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth $219,000. Finally, Neo Ivy Capital Management increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 33.3% in the third quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock worth $328,000 after acquiring an additional 1,050 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Up 0.7 %

NYSEARCA SPXL opened at $149.03 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 1-year low of $67.60 and a 1-year high of $149.15. The company has a market capitalization of $4.75 billion, a PE ratio of 33.36 and a beta of 2.99. The firm’s fifty day simple moving average is $129.87 and its 200-day simple moving average is $119.88.

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.