Silverleafe Capital Partners LLC Purchases New Shares in Direxion Daily S&P 500 Bull 3X ETF $SPXL

Silverleafe Capital Partners LLC acquired a new position in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,744 shares of the company’s stock, valued at approximately $490,000.

Several other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF by 54.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares in the last quarter. Parallel Advisors LLC raised its stake in Direxion Daily S&P 500 Bull 3X ETF by 44.4% during the first quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock valued at $60,000 after purchasing an additional 100 shares in the last quarter. Main Street Group LTD purchased a new stake in Direxion Daily S&P 500 Bull 3X ETF during the first quarter valued at $136,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Direxion Daily S&P 500 Bull 3X ETF by 69.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $213,000 after purchasing an additional 320 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in Direxion Daily S&P 500 Bull 3X ETF during the second quarter valued at $263,000.

Direxion Daily S&P 500 Bull 3X ETF Stock Performance

Shares of NYSEARCA:SPXL traded up $5.95 on Friday, reaching $288.65. The company’s stock had a trading volume of 1,597,035 shares, compared to its average volume of 2,405,104. The company has a 50-day simple moving average of $284.35 and a 200 day simple moving average of $260.50. Direxion Daily S&P 500 Bull 3X ETF has a 52-week low of $168.04 and a 52-week high of $303.18. The company has a market cap of $7.14 billion, a P/E ratio of 25.10 and a beta of 3.02.

Direxion Daily S&P 500 Bull 3X ETF 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.