Larson Financial Group LLC Sells 852 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Larson Financial Group LLC reduced its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 71.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 336 shares of the company’s stock after selling 852 shares during the quarter. Larson Financial Group LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. PPSC Investment Service Corp increased its stake in Direxion Daily S&P 500 Bull 3X by 1.2% in the 4th quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock worth $428,742,000 after acquiring an additional 29,486 shares during the last quarter. Howard Capital Management Inc. increased its stake in Direxion Daily S&P 500 Bull 3X by 16.6% in the 4th quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock worth $408,077,000 after acquiring an additional 344,346 shares during the last quarter. Wealthstar Advisors LLC bought a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $50,038,000. Quadrature Capital Ltd bought a new position in Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth about $29,479,000. Finally, SBI Securities Co. Ltd. bought a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $24,552,000.

Direxion Daily S&P 500 Bull 3X Stock Up 1.5 %

Shares of NYSEARCA SPXL opened at $140.86 on Thursday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 25.69 and a beta of 3.10. The stock’s 50-day simple moving average is $173.33 and its two-hundred day simple moving average is $170.17. Direxion Daily S&P 500 Bull 3X has a twelve month low of $111.54 and a twelve month high of $190.34.

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.