Ashton Thomas Private Wealth LLC Lowers Stock Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Ashton Thomas Private Wealth LLC trimmed its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 86.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the company’s stock after selling 11,057 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after acquiring an additional 60 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares in the third quarter valued at $26,000. Millington Financial Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 4.8% during the 2nd quarter. Millington Financial Advisors LLC now owns 4,108 shares of the company’s stock worth $765,000 after purchasing an additional 187 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 4.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,395 shares of the company’s stock worth $1,143,000 after purchasing an additional 210 shares during the period. Finally, Cresset Asset Management LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 7.0% during the 2nd quarter. Cresset Asset Management LLC now owns 3,435 shares of the company’s stock worth $598,000 after purchasing an additional 225 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 5.8%

Shares of SPXL opened at $225.80 on Monday. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $87.08 and a 52-week high of $234.09. The company has a 50-day simple moving average of $224.89 and a 200-day simple moving average of $211.46. The company has a market capitalization of $5.66 billion, a PE ratio of 25.10 and a beta of 3.03.

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.