Edgestream Partners L.P. Sells 6,039 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Edgestream Partners L.P. cut its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 50.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,985 shares of the company’s stock after selling 6,039 shares during the quarter. Edgestream Partners L.P.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth about $3,067,000. Wealthspire Advisors LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the second quarter valued at approximately $205,000. Ashton Thomas Private Wealth LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 19.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 44,073 shares of the company’s stock worth $6,438,000 after acquiring an additional 7,092 shares in the last quarter. First Western Trust Bank bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth approximately $218,000. Finally, Embree Financial Group purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter valued at $365,000.

Direxion Daily S&P 500 Bull 3X Stock Down 0.7 %

Shares of NYSEARCA:SPXL opened at $159.55 on Friday. The stock has a market cap of $5.08 billion, a PE ratio of 33.36 and a beta of 2.99. The company’s fifty day moving average is $147.14 and its 200 day moving average is $138.55. Direxion Daily S&P 500 Bull 3X has a 52 week low of $67.60 and a 52 week high of $162.49.

Direxion Daily S&P 500 Bull 3X 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.