LifeGuide Financial Advisors LLC Trims Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

LifeGuide Financial Advisors LLC lowered its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 34.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,249 shares of the company’s stock after selling 3,332 shares during the period. Direxion Daily S&P 500 Bull 3X comprises about 0.5% of LifeGuide Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position. LifeGuide Financial Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. IMC Chicago LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at approximately $57,721,000. Quadrature Capital Ltd bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the third quarter valued at $29,479,000. Gainplan LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 275.2% in the 4th quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after purchasing an additional 45,966 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth about $5,453,000. Finally, Smithfield Trust Co purchased a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $4,506,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

NYSEARCA:SPXL opened at $181.84 on Wednesday. The firm has a market cap of $5.79 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $107.49 and a fifty-two week high of $190.34. The firm has a 50-day simple moving average of $177.65 and a two-hundred day simple moving average of $163.32.

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.