Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 23.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,220 shares of the company’s stock after selling 2,513 shares during the period. Commonwealth Equity Services LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IMC Chicago LLC purchased a new position in Direxion Daily S&P 500 Bull 3X in the first quarter valued at approximately $53,754,000. Virtu Financial LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% in the 4th quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock valued at $12,444,000 after acquiring an additional 110,267 shares during the period. Flow Traders U.S. LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 709.8% during the 1st quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after acquiring an additional 53,288 shares in the last quarter. Ogborne Capital Management LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth $5,200,000. Finally, PPSC Investment Service Corp increased its holdings in Direxion Daily S&P 500 Bull 3X by 1.4% in the 1st quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock valued at $326,577,000 after purchasing an additional 32,500 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA:SPXL opened at $153.53 on Monday. The business’s 50-day moving average is $147.17 and its two-hundred day moving average is $137.54. The firm has a market capitalization of $4.89 billion, a PE ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 12 month low of $67.60 and a 12 month high of $162.49.

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.