Commonwealth Equity Services LLC Cuts Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Commonwealth Equity Services LLC trimmed its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,553 shares of the company’s stock after selling 405 shares during the period. Commonwealth Equity Services LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SPXL. PNC Financial Services Group Inc. purchased a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at about $34,000. Berkshire Asset Management LLC PA bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at about $1,738,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at about $224,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth approximately $24,552,000. Finally, Bouchey Financial Group Ltd purchased a new stake in Direxion Daily S&P 500 Bull 3X in the fourth quarter worth approximately $227,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA SPXL opened at $101.50 on Friday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 22.84 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X has a one year low of $101.12 and a one year high of $190.34. The firm’s 50 day simple moving average is $162.03 and its two-hundred day simple moving average is $169.02.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.4935 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

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.