Soltis Investment Advisors LLC Decreases Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Soltis Investment Advisors LLC trimmed its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,726 shares of the company’s stock after selling 2,154 shares during the period. Soltis Investment Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SPXL. Wealthstar Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $50,038,000. Empowered Funds LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $749,000. Traynor Capital Management Inc. increased its holdings in Direxion Daily S&P 500 Bull 3X by 37.3% during the fourth quarter. Traynor Capital Management Inc. now owns 38,383 shares of the company’s stock valued at $6,475,000 after buying an additional 10,434 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $203,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Direxion Daily S&P 500 Bull 3X by 730.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,934 shares of the company’s stock valued at $664,000 after buying an additional 3,460 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Up 1.9 %

Shares of SPXL stock opened at $181.94 on Tuesday. Direxion Daily S&P 500 Bull 3X has a 12 month low of $111.54 and a 12 month high of $190.34. The stock has a market cap of $5.79 billion, a P/E ratio of 33.36 and a beta of 2.99. The company has a 50 day simple moving average of $178.46 and a two-hundred day simple moving average of $166.11.

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.