Wealthspire Advisors LLC Invests $205,000 in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Wealthspire Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,401 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of the company. PPSC Investment Service Corp boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 2.0% during the 2nd quarter. PPSC Investment Service Corp now owns 2,486,325 shares of the company’s stock worth $363,177,000 after acquiring an additional 49,725 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 1st quarter worth approximately $53,754,000. Virtu Financial LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% during the 4th quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock worth $12,444,000 after acquiring an additional 110,267 shares in the last quarter. 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 worth $8,148,000 after purchasing an additional 53,288 shares during the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Direxion Daily S&P 500 Bull 3X by 5.8% during the 1st quarter. Hollencrest Capital Management now owns 51,603 shares of the company’s stock worth $6,916,000 after purchasing an additional 2,819 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $154.38 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 1 year low of $67.60 and a 1 year high of $162.49. The company has a market capitalization of $4.92 billion, a P/E ratio of 33.36 and a beta of 2.99. The business has a 50 day moving average price of $147.16 and a 200 day moving average price of $137.75.

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.