Wealth Enhancement Advisory Services LLC Makes New $643,000 Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,923 shares of the company’s stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at $80,000. Brookstone Capital Management acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth about $205,000. Wealthspire Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter valued at about $205,000. CRA Financial Services LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter valued at about $235,000. Finally, Private Advisor Group LLC raised its holdings in Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of NYSEARCA SPXL opened at $180.09 on Friday. The stock has a 50 day moving average price of $160.55 and a 200 day moving average price of $147.40. The stock has a market capitalization of $5.74 billion, a PE ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 52 week low of $79.78 and a 52 week high of $180.96.

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.