Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Hits New 12-Month Low at $58.59

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXLGet Rating) reached a new 52-week low during trading on Friday . The company traded as low as $58.59 and last traded at $58.60, with a volume of 202525 shares changing hands. The stock had previously closed at $62.02.

Direxion Daily S&P 500 Bull 3X Price Performance

The stock’s 50-day simple moving average is $78.94 and its 200 day simple moving average is $86.44.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 4.4% during the second quarter. Stratos Wealth Advisors LLC now owns 3,940 shares of the company’s stock worth $258,000 after purchasing an additional 167 shares during the period. Ellis Investment Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter valued at about $47,000. Johnson Financial Group Inc. raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 70.6% during the 2nd quarter. Johnson Financial Group Inc. now owns 979 shares of the company’s stock valued at $64,000 after buying an additional 405 shares during the period. Summit Financial Strategies Inc. increased its holdings in Direxion Daily S&P 500 Bull 3X by 18.0% during the 1st quarter. Summit Financial Strategies Inc. now owns 3,723 shares of the company’s stock worth $446,000 after purchasing an additional 567 shares during the last quarter. Finally, Trinity Legacy Partners LLC increased its holdings in Direxion Daily S&P 500 Bull 3X by 28.7% during the 1st quarter. Trinity Legacy Partners LLC now owns 2,556 shares of the company’s stock worth $306,000 after purchasing an additional 570 shares during the last quarter.

About Direxion Daily S&P 500 Bull 3X

(Get Rating)

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.

Further Reading

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