Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Hits New 52-Week High at $140.29

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXLGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $140.29 and last traded at $140.16, with a volume of 2767101 shares traded. The stock had previously closed at $139.24.

Direxion Daily S&P 500 Bull 3X Stock Up 0.6 %

The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company has a 50-day moving average price of $128.48 and a 200 day moving average price of $118.16.

Institutional Trading of Direxion Daily S&P 500 Bull 3X

Several hedge funds and other institutional investors have recently modified their holdings of SPXL. Mather Group LLC. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the first quarter worth $36,000. Westend Capital Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the first quarter worth $37,000. Pineridge Advisors LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $35,000. Spartan Planning & Wealth Management purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $46,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $80,000.

About Direxion Daily S&P 500 Bull 3X

(Get Free Report)

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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