IMC Chicago LLC Decreases Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

IMC Chicago LLC cut its position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 26.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,570 shares of the company’s stock after selling 8,162 shares during the quarter. IMC Chicago LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $4,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. grew its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Quattro Advisors LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth $64,000. Bank of America Corp DE grew 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 acquiring an additional 60 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock worth $184,000 after acquiring an additional 576 shares in the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 1.1%

NYSEARCA SPXL opened at $278.71 on Thursday. The stock’s 50-day simple moving average is $270.39 and its two-hundred day simple moving average is $236.71. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $168.04 and a twelve month high of $289.00. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03.

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.