Wealth Alliance Advisory Group LLC Acquires Shares of 1,201 Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Wealth Alliance Advisory Group LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,201 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter worth $643,000. HighTower Advisors LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC boosted its stake in Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after acquiring an additional 75 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of 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. Finally, Walleye Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at $248,000.

Direxion Daily S&P 500 Bull 3X Stock Up 2.8 %

Shares of SPXL opened at $177.11 on Friday. Direxion Daily S&P 500 Bull 3X has a 52 week low of $101.27 and a 52 week high of $190.34. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The stock’s 50-day moving average price is $177.75 and its 200-day moving average price is $162.87.

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.