Direxion Daily S&P 500 Bull 3X ETF $SPXL Stock: Smith Chas P & Associates PA Cpas Reduces Holdings

Smith Chas P & Associates PA Cpas trimmed its position in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 41.1% during the third quarter, Holdings Channel reports. The firm owned 14,888 shares of the company’s stock after selling 10,368 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $4,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Insight Wealth Partners LLC lifted its holdings in 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 worth $47,705,000 after buying an additional 77,660 shares in the last quarter. Succession Financial Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF during the 2nd quarter worth $39,344,000. Gainplan LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X ETF in the second quarter valued at $10,055,000. J. Safra Sarasin Holding AG raised its stake in Direxion Daily S&P 500 Bull 3X ETF by 82.0% in the first quarter. J. Safra Sarasin Holding AG now owns 36,400 shares of the company’s stock valued at $6,730,000 after buying an additional 16,400 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 88.1% during the 1st quarter. Optiver Holding B.V. now owns 31,380 shares of the company’s stock worth $5,802,000 after acquiring an additional 14,700 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X ETF Stock Up 1.6%

SPXL stock opened at $290.87 on Thursday. The business has a 50 day moving average price of $287.95 and a 200 day moving average price of $270.68. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X ETF has a fifty-two week low of $168.04 and a fifty-two week high of $303.18.

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.