Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $165.75 and last traded at $165.70, with a volume of 1006748 shares traded. The stock had previously closed at $162.64.
Direxion Daily S&P 500 Bull 3X Price Performance
The firm’s 50 day moving average price is $149.91 and its 200 day moving average price is $141.37. The stock has a market capitalization of $5.26 billion, a P/E ratio of 33.36 and a beta of 2.99.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 3X
Several large investors have recently made changes to their positions in the business. Spartan Planning & Wealth Management bought a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $46,000. PayPay Securities Corp lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 24.0% in the first quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock worth $169,000 after buying an additional 244 shares in the last quarter. PPSC Investment Service Corp grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.4% during the first quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock valued at $326,577,000 after buying an additional 32,500 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 34.1% during the first quarter. Commonwealth Equity Services LLC now owns 10,733 shares of the company’s stock valued at $1,439,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its holdings in Direxion Daily S&P 500 Bull 3X by 13.0% in the 1st quarter. Traynor Capital Management Inc. now owns 23,749 shares of the company’s stock worth $3,183,000 after acquiring an additional 2,729 shares during the last quarter.
About Direxion Daily S&P 500 Bull 3X
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.
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