6,123 Direxion Daily S&P 500 Bull 3X ETF $SPXL Shares Sold by Succession Financial Inc.

Succession Financial Inc. trimmed its position in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 139,233 shares of the company’s stock after selling 6,123 shares during the period. Direxion Daily S&P 500 Bull 3X ETF accounts for about 37.9% of Succession Financial Inc.’s portfolio, making the stock its largest position. Succession Financial Inc.’s holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $39,138,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the 3rd quarter valued at approximately $1,012,000. Silverleafe Capital Partners LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the 3rd quarter worth approximately $490,000. Insight Wealth Partners LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 78.8% during the 2nd quarter. Insight Wealth Partners LLC now owns 176,249 shares of the company’s stock valued at $47,705,000 after buying an additional 77,660 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the 2nd quarter valued at approximately $273,000. Finally, Waverly Advisors LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the 2nd quarter valued at approximately $263,000.

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

SPXL opened at $297.42 on Wednesday. Direxion Daily S&P 500 Bull 3X ETF has a one year low of $168.04 and a one year high of $303.18. The stock has a market capitalization of $7.39 billion, a PE ratio of 25.10 and a beta of 3.03. The business’s 50 day moving average price is $288.88 and its 200 day moving average price is $266.23.

About Direxion Daily S&P 500 Bull 3X ETF

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.