Ogborne Capital Management LLC Invests $5.20 Million in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Ogborne Capital Management LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company’s stock, valued at approximately $5,200,000. Direxion Daily S&P 500 Bull 3X makes up about 1.6% of Ogborne Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Ogborne Capital Management LLC owned about 0.15% of Direxion Daily S&P 500 Bull 3X at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPXL. Jump Financial LLC increased its position in Direxion Daily S&P 500 Bull 3X by 0.8% in the 4th quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock valued at $17,028,000 after acquiring an additional 1,235 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $5,495,000. Tower Research Capital LLC TRC increased its position in Direxion Daily S&P 500 Bull 3X by 14.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,203 shares of the company’s stock valued at $4,181,000 after acquiring an additional 5,205 shares during the period. Charter Oak Capital Management LLC increased its position in Direxion Daily S&P 500 Bull 3X by 0.3% in the 4th quarter. Charter Oak Capital Management LLC now owns 28,550 shares of the company’s stock valued at $2,969,000 after acquiring an additional 96 shares during the period. Finally, Financial Advocates Investment Management increased its position in Direxion Daily S&P 500 Bull 3X by 56.4% in the 4th quarter. Financial Advocates Investment Management now owns 22,977 shares of the company’s stock valued at $2,389,000 after acquiring an additional 8,286 shares during the period.

Direxion Daily S&P 500 Bull 3X Trading Up 0.1 %

Shares of SPXL opened at $144.57 on Friday. Direxion Daily S&P 500 Bull 3X has a twelve month low of $67.60 and a twelve month high of $145.77. The stock’s 50 day moving average is $129.14 and its two-hundred day moving average is $118.72. The firm has a market capitalization of $4.60 billion, a PE ratio of 33.36 and a beta of 2.99.

About Direxion Daily S&P 500 Bull 3X

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.