31,761 Shares in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Purchased by Members Advisory Group LLC

Members Advisory Group LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,761 shares of the company’s stock, valued at approximately $5,361,000. Direxion Daily S&P 500 Bull 3X accounts for approximately 2.2% of Members Advisory Group LLC’s portfolio, making the stock its 16th largest holding. Members Advisory Group LLC owned about 0.10% of Direxion Daily S&P 500 Bull 3X as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp grew its holdings in Direxion Daily S&P 500 Bull 3X by 55.4% during the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after acquiring an additional 201 shares during the period. Larson Financial Group LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 358.7% during the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after acquiring an additional 929 shares during the period. Wealth Alliance Advisory Group LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth approximately $203,000. Trinity Legacy Partners LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $223,000. Finally, Private Advisor Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after purchasing an additional 75 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Down 5.1 %

Shares of SPXL stock opened at $176.76 on Friday. The company has a market capitalization of $5.63 billion, a P/E ratio of 33.36 and a beta of 2.99. The business’s 50 day moving average is $178.01 and its two-hundred day moving average is $168.84. Direxion Daily S&P 500 Bull 3X has a 12-month low of $111.54 and a 12-month 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.