Empowered Funds LLC Purchases New Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Empowered Funds LLC bought a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,437 shares of the company’s stock, valued at approximately $749,000.

Other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $643,000. HighTower Advisors LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 1.3% during the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock valued at $2,659,000 after purchasing an additional 5,399 shares in the last quarter. Private Advisor Group LLC increased its position 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 buying an additional 75 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 189.6% during the third quarter. Townsquare Capital LLC now owns 5,068 shares of the company’s stock worth $831,000 after acquiring an additional 3,318 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Down 0.1 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $185.97 on Tuesday. The company has a fifty day moving average price of $178.11 and a 200 day moving average price of $167.52. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a twelve month low of $111.54 and a twelve month high of $190.34.

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.