Hollencrest Capital Management Buys 613 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Hollencrest Capital Management boosted its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.2% during the second quarter, Holdings Channel.com reports. The fund owned 52,216 shares of the company’s stock after acquiring an additional 613 shares during the quarter. Hollencrest Capital Management’s holdings in Direxion Daily S&P 500 Bull 3X were worth $7,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Spartan Planning & Wealth Management bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $46,000. PayPay Securities Corp lifted its holdings in Direxion Daily S&P 500 Bull 3X by 24.0% in the 1st quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock worth $169,000 after purchasing an additional 244 shares in the last quarter. PPSC Investment Service Corp boosted its stake 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 worth $326,577,000 after purchasing an additional 32,500 shares during the period. Commonwealth Equity Services LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 34.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,733 shares of the company’s stock valued at $1,439,000 after buying an additional 2,730 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its position in shares of Direxion Daily S&P 500 Bull 3X by 13.0% during the first quarter. Traynor Capital Management Inc. now owns 23,749 shares of the company’s stock valued at $3,183,000 after buying an additional 2,729 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of NYSEARCA SPXL opened at $160.64 on Friday. The company has a market cap of $5.12 billion, a P/E 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 $162.49. The firm’s fifty day moving average is $147.01 and its two-hundred day moving average is $138.05.

Direxion Daily S&P 500 Bull 3X 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.