Thurston Springer Miller Herd & Titak Inc. Trims Stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Thurston Springer Miller Herd & Titak Inc. cut its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 474 shares of the company’s stock after selling 74 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $78,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased its position in shares of Direxion Daily S&P 500 Bull 3X by 24.0% in the first quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock valued at $169,000 after buying an additional 244 shares in the last quarter. PPSC Investment Service Corp increased its position in shares of Direxion Daily S&P 500 Bull 3X by 1.4% in the first quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock valued at $326,577,000 after buying an additional 32,500 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 34.1% in the first 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. Traynor Capital Management Inc. increased its position in shares of Direxion Daily S&P 500 Bull 3X by 13.0% in 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 in the last quarter. Finally, Hollencrest Capital Management increased its position in shares of Direxion Daily S&P 500 Bull 3X by 1.2% in the second quarter. Hollencrest Capital Management now owns 52,216 shares of the company’s stock valued at $7,627,000 after buying an additional 613 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Direxion Daily S&P 500 Bull 3X stock opened at $167.90 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 12 month low of $67.60 and a 12 month high of $172.71. The stock has a market capitalization of $5.35 billion, a PE ratio of 33.36 and a beta of 2.99. The business has a 50 day simple moving average of $153.19 and a 200-day simple moving average of $142.59.

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.