Walser Wealth Management Company A Ltd Liability Co Invests $366,000 in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 1,978 shares of the company’s stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted 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 purchasing an additional 100,000 shares during the period. Virtu Financial LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 58.0% in the 4th quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock valued at $12,344,000 after purchasing an additional 20,544 shares during the period. Traynor Capital Management Inc. grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 46,872 shares of the company’s stock valued at $10,340,000 after purchasing an additional 1,148 shares during the period. Group One Trading LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% in the 2nd quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock worth $7,894,000 after buying an additional 41,942 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 10.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 44,841 shares of the company’s stock worth $7,781,000 after buying an additional 4,130 shares in the last quarter.

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

Shares of Direxion Daily S&P 500 Bull 3x Shares stock traded down $5.29 during midday trading on Tuesday, hitting $270.52. 557,000 shares of the company were exchanged, compared to its average volume of 2,786,045. The firm has a market cap of $6.88 billion, a P/E ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $168.04 and a 52 week high of $289.00. The firm has a 50 day simple moving average of $266.43 and a 200-day simple moving average of $234.12.

Direxion Daily S&P 500 Bull 3x Shares 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. 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.