Direxion Daily S&P 500 Bull 3x Shares $SPXL Holdings Cut by Wealthstar Advisors LLC

Wealthstar Advisors LLC reduced its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 12.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,742 shares of the company’s stock after selling 20,852 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares makes up about 12.8% of Wealthstar Advisors LLC’s holdings, making the stock its 2nd biggest holding. Wealthstar Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $27,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after acquiring an additional 100,000 shares in the last quarter. Group One Trading LLC grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% in the second quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock worth $7,894,000 after purchasing an additional 41,942 shares during the period. BXM Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at approximately $5,354,000. Corient Private Wealth LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 336.7% during the second quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock valued at $5,449,000 after purchasing an additional 24,210 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at approximately $3,932,000.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

SPXL stock opened at $268.81 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $168.04 and a twelve month high of $289.00. The firm has a market cap of $6.83 billion, a PE ratio of 25.10 and a beta of 3.02. The business has a 50 day moving average of $265.65 and a 200 day moving average of $233.61.

About Direxion Daily S&P 500 Bull 3x Shares

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.