Stratos Wealth Partners LTD. Reduces Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Stratos Wealth Partners LTD. decreased its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,117 shares of the company’s stock after selling 240 shares during the period. Stratos Wealth Partners LTD.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPXL. Larson Financial Group LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 358.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after buying an additional 929 shares during the period. Wealth Alliance Advisory Group LLC acquired a new position in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth $203,000. Brookstone Capital Management acquired a new position in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $205,000. Trinity Legacy Partners LLC acquired a new position in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $223,000. Finally, Private Advisor Group LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd 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 Price Performance

Shares of SPXL stock opened at $180.66 on Thursday. The firm has a market cap of $5.75 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 1-year low of $111.54 and a 1-year high of $190.34. The firm has a fifty day moving average of $178.22 and a two-hundred day moving average of $166.48.

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.