Empowered Funds LLC Buys Shares of 4,437 Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Empowered Funds LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,437 shares of the company’s stock, valued at approximately $749,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPXL. Larson Financial Group LLC increased its position in Direxion Daily S&P 500 Bull 3X by 358.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after purchasing an additional 929 shares during the period. Wealth Alliance Advisory Group LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at $203,000. Trinity Legacy Partners LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter valued at $223,000. Private Advisor Group LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares during the period. Finally, Walleye Trading LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth about $248,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $185.97 on Tuesday. The stock’s 50-day moving average is $178.11 and its 200 day moving average is $167.52. Direxion Daily S&P 500 Bull 3X has a one year low of $111.54 and a one year high of $190.34. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.

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.