Direxion Daily S&P 500 Bull 3x Shares $SPXL Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. cut its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 4.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 143,878 shares of the company’s stock after selling 6,090 shares during the period. Direxion Daily S&P 500 Bull 3x Shares accounts for 0.8% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 21st largest holding. SBI Securities Co. Ltd.’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $30,488,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the third quarter worth about $763,000. Blueprint Financial Advisors LLC purchased a new position in Direxion Daily S&P 500 Bull 3x Shares in the second quarter worth approximately $2,723,000. Encompass More Asset Management grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 189.8% during the 3rd quarter. Encompass More Asset Management now owns 17,361 shares of the company’s stock worth $3,679,000 after acquiring an additional 11,371 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter worth approximately $479,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at approximately $1,142,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 1.5%

Direxion Daily S&P 500 Bull 3x Shares stock opened at $221.96 on Thursday. The company has a fifty day simple moving average of $224.94 and a 200-day simple moving average of $210.75. The stock has a market cap of $5.56 billion, a P/E ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $234.09.

Direxion Daily S&P 500 Bull 3x Shares 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.