Members Advisory Group LLC Makes New $5.36 Million Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Members Advisory Group LLC bought a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,761 shares of the company’s stock, valued at approximately $5,361,000. Direxion Daily S&P 500 Bull 3X makes up 2.2% of Members Advisory Group LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after acquiring an additional 201 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 358.7% in the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after acquiring an additional 929 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $203,000. Trinity Legacy Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the third quarter valued at approximately $223,000. Finally, Private Advisor Group LLC lifted its position in shares of 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.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA SPXL opened at $176.76 on Friday. The company has a market cap of $5.63 billion, a PE ratio of 33.36 and a beta of 2.99. The stock’s 50 day simple moving average is $178.01 and its 200-day simple moving average is $168.84. Direxion Daily S&P 500 Bull 3X has a 1-year low of $111.54 and a 1-year 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.