Larson Financial Group LLC Grows Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Larson Financial Group LLC raised its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1,568.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,538 shares of the company’s stock after purchasing an additional 3,326 shares during the quarter. Larson Financial Group LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC raised its stake in Direxion Daily S&P 500 Bull 3X by 78.9% in the 3rd quarter. Jump Financial LLC now owns 162,508 shares of the company’s stock valued at $12,708,000 after purchasing an additional 71,673 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the third quarter worth about $4,195,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $5,495,000. Spire Wealth Management grew its holdings in Direxion Daily S&P 500 Bull 3X by 158.7% in the 3rd quarter. Spire Wealth Management now owns 41,046 shares of the company’s stock valued at $3,210,000 after buying an additional 25,181 shares during the period. Finally, Impala Asset Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $1,564,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of SPXL stock opened at $119.51 on Wednesday. The firm’s 50-day simple moving average is $125.27 and its 200-day simple moving average is $105.83. Direxion Daily S&P 500 Bull 3X has a 1-year low of $67.60 and a 1-year high of $135.20. The firm has a market cap of $3.76 billion, a P/E ratio of 34.49 and a beta of 2.99.

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.