Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Hits New 52-Week High at $151.00

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $151.00 and last traded at $149.46, with a volume of 1087392 shares. The stock had previously closed at $147.93.

Direxion Daily S&P 500 Bull 3X Stock Performance

The firm has a market capitalization of $4.65 billion, a PE ratio of 33.36 and a beta of 2.99. The company’s 50 day simple moving average is $134.17 and its 200-day simple moving average is $122.69.

Institutional Trading of Direxion Daily S&P 500 Bull 3X

Institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 709.8% during the 1st quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after buying an additional 53,288 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 12.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,600 shares of the company’s stock valued at $483,000 after buying an additional 400 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 43.1% during the 1st quarter. CreativeOne Wealth LLC now owns 4,377 shares of the company’s stock valued at $587,000 after buying an additional 1,319 shares in the last quarter. Covestor Ltd raised its position in shares of Direxion Daily S&P 500 Bull 3X by 8.4% during the 1st quarter. Covestor Ltd now owns 6,103 shares of the company’s stock valued at $818,000 after buying an additional 474 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of Direxion Daily S&P 500 Bull 3X by 71.7% during the 1st quarter. Edgestream Partners L.P. now owns 12,024 shares of the company’s stock valued at $1,612,000 after buying an additional 5,022 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Company 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.