Short Interest in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Decreases By 18.0%

Posted by Latisha Jones on Mar 16th, 2026

Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,251,081 shares, a drop of 18.0% from the February 12th total of 1,526,457 shares. Currently, 5.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,885,676 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 2,885,676 shares, the short-interest ratio is presently 0.4 days. Currently, 5.0% of the company’s shares are short sold.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

SPXL traded up $5.91 during trading hours on Monday, reaching $202.26. The company’s stock had a trading volume of 3,667,308 shares, compared to its average volume of 3,061,842. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $87.08 and a fifty-two week high of $234.09. The stock has a market cap of $5.07 billion, a PE ratio of 25.10 and a beta of 3.03. The business’s 50-day moving average is $221.54 and its 200-day moving average is $216.59.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bull 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPXL. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth $26,000. Newbridge Financial Services Group Inc. raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after buying an additional 123 shares during the period. Anchor Investment Management LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at about $52,000. FSA Wealth Management LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at about $54,000. Finally, Quattro Advisors LLC purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter worth about $64,000.

Direxion Daily S&P 500 Bull 3x Shares Company Profile

(Get Free Report)

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.