Townsquare Capital LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,694 shares of the company’s stock after buying an additional 626 shares during the quarter. Townsquare Capital LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $961,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at about $34,000. IFP Advisors Inc acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $67,000. PayPay Securities Corp boosted its position in 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 buying an additional 201 shares during the last quarter. Wealth Alliance Advisory Group LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth approximately $203,000. Finally, Raymond James Financial Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth approximately $224,000.
Direxion Daily S&P 500 Bull 3X Price Performance
NYSEARCA:SPXL opened at $110.64 on Friday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 22.84 and a beta of 3.03. The company’s fifty day moving average price is $145.33 and its 200-day moving average price is $164.92. Direxion Daily S&P 500 Bull 3X has a 1-year low of $87.08 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.
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