Creative Planning trimmed its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,286 shares of the company’s stock after selling 237 shares during the period. Creative Planning’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,031,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the second quarter worth about $80,000. VitalStone Financial LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 66.4% in the first quarter. VitalStone Financial LLC now owns 1,276 shares of the company’s stock valued at $171,000 after acquiring an additional 509 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the second quarter worth approximately $205,000. Brookstone Capital Management bought a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $205,000. Finally, First Western Trust Bank acquired a new position in Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth approximately $218,000.
Direxion Daily S&P 500 Bull 3X Stock Performance
Direxion Daily S&P 500 Bull 3X stock opened at $157.33 on Friday. Direxion Daily S&P 500 Bull 3X has a 52 week low of $70.03 and a 52 week high of $173.32. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company has a 50 day moving average price of $159.06 and a 200 day moving average price of $145.55.
About Direxion Daily S&P 500 Bull 3X
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.
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