HighTower Advisors LLC Buys 76 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

HighTower Advisors LLC increased its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,722 shares of the company’s stock after purchasing an additional 76 shares during the quarter. HighTower Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $939,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 358.7% in the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after acquiring an additional 929 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter valued at about $205,000. Brookstone Capital Management purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $205,000. First Western Trust Bank purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter valued at about $218,000. Finally, Trinity Legacy Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth approximately $223,000.

Direxion Daily S&P 500 Bull 3X Trading Down 1.3 %

SPXL opened at $185.15 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 12-month low of $98.00 and a 12-month high of $190.34. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company’s 50 day moving average is $175.90 and its 200 day moving average is $158.39.

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.