Insight Wealth Partners LLC Purchases 77,660 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

Insight Wealth Partners LLC raised its position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 78.8% during the second quarter, Holdings Channel reports. The institutional investor owned 176,249 shares of the company’s stock after buying an additional 77,660 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares makes up about 6.4% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Insight Wealth Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $47,705,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Betterment LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 3.6% during the fourth quarter. Betterment LLC now owns 1,622 shares of the company’s stock valued at $358,000 after acquiring an additional 57 shares during the period. Covestor Ltd boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 1.1% in the fourth quarter. Covestor Ltd now owns 5,389 shares of the company’s stock valued at $1,189,000 after acquiring an additional 60 shares during the last quarter. Bank of America Corp DE increased 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 purchasing an additional 60 shares during the period. Halbert Hargrove Global Advisors LLC increased its position in Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after purchasing an additional 66 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 44.4% during the 1st quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 1.7%

Direxion Daily S&P 500 Bull 3x Shares stock opened at $285.44 on Wednesday. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $168.04 and a 1 year high of $303.18. The company has a market cap of $7.15 billion, a PE ratio of 25.10 and a beta of 3.02. The company’s 50-day moving average is $280.29 and its two-hundred day moving average is $252.31.

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.