Direxion Daily S&P 500 Bull 3x Shares $SPXL Stake Lowered by Spire Wealth Management

Spire Wealth Management decreased its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,628 shares of the company’s stock after selling 6,436 shares during the period. Spire Wealth Management’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $6,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after acquiring an additional 100,000 shares during the period. Iron Gate Global Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the first quarter worth about $245,000. Discipline Wealth Solutions LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth about $959,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 89.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,478 shares of the company’s stock worth $1,125,000 after acquiring an additional 3,055 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 1.0%

Shares of NYSEARCA:SPXL opened at $227.77 on Thursday. The company’s 50-day moving average price is $219.48 and its 200 day moving average price is $203.29. The company has a market cap of $6.01 billion, a PE ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $87.08 and a fifty-two week high of $232.19.

About Direxion Daily S&P 500 Bull 3x Shares

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.