Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Acquired by PPSC Investment Service Corp

PPSC Investment Service Corp lifted its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.4% in the first quarter, HoldingsChannel.com reports. The firm owned 2,436,600 shares of the company’s stock after acquiring an additional 32,500 shares during the period. Direxion Daily S&P 500 Bull 3X comprises 49.9% of PPSC Investment Service Corp’s investment portfolio, making the stock its largest holding. PPSC Investment Service Corp owned 0.08% of Direxion Daily S&P 500 Bull 3X worth $326,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. IMC Chicago LLC bought a new stake in Direxion Daily S&P 500 Bull 3X in the first quarter valued at $53,754,000. Jump Financial LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 0.8% during the fourth quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock worth $17,028,000 after purchasing an additional 1,235 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% during the fourth quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock worth $12,444,000 after purchasing an additional 110,267 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $5,495,000. Finally, Ogborne Capital Management LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $5,200,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of SPXL stock opened at $146.07 on Monday. The stock’s fifty day moving average is $134.17 and its 200-day moving average is $122.84. The stock has a market capitalization of $4.65 billion, a PE 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 $151.00.

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.