Direxion Daily S&P 500 Bull 3x Shares $SPXL Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,827 shares of the company’s stock after selling 6,051 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for approximately 0.8% of SBI Securities Co. Ltd.’s portfolio, making the stock its 22nd biggest position. SBI Securities Co. Ltd. owned about 0.55% of Direxion Daily S&P 500 Bull 3x Shares worth $30,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AlphaStar Capital Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $229,000. IMC Chicago LLC increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 190.5% during the 4th quarter. IMC Chicago LLC now owns 30,732 shares of the company’s stock worth $6,780,000 after purchasing an additional 20,153 shares during the last quarter. Virtus Wealth Solutions LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $201,000. New Perspectives Inc increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 50.0% during the 4th quarter. New Perspectives Inc now owns 1,425 shares of the company’s stock worth $314,000 after purchasing an additional 475 shares during the last quarter. Finally, Wealth Management Nebraska increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 191.5% during the 4th quarter. Wealth Management Nebraska now owns 2,956 shares of the company’s stock worth $652,000 after purchasing an additional 1,942 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 2.3%

Shares of NYSEARCA:SPXL opened at $251.45 on Wednesday. The business has a 50-day moving average price of $211.90 and a 200 day moving average price of $217.99. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $128.82 and a 12-month high of $252.80. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02.

Direxion Daily S&P 500 Bull 3x Shares 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. 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.