Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Stake Reduced by TAP Consulting LLC

TAP Consulting LLC lessened its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,623 shares of the company’s stock after selling 84 shares during the period. TAP Consulting LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $274,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $67,000. HighTower Advisors LLC raised its holdings in Direxion Daily S&P 500 Bull 3X by 1.3% during the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Direxion Daily S&P 500 Bull 3X by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock worth $2,659,000 after purchasing an additional 5,399 shares during the period. Empowered Funds LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $749,000. Finally, Townsquare Capital LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 189.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,068 shares of the company’s stock valued at $831,000 after purchasing an additional 3,318 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Up 3.0 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $146.42 on Thursday. The business has a fifty day simple moving average of $170.43 and a 200-day simple moving average of $169.78. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $111.54 and a fifty-two week high of $190.34. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 23.45 and a beta of 3.12.

Direxion Daily S&P 500 Bull 3X Company 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.