J. Safra Sarasin Holding AG Acquires 16,400 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

J. Safra Sarasin Holding AG increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 82.0% during the first quarter, HoldingsChannel reports. The fund owned 36,400 shares of the company’s stock after acquiring an additional 16,400 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SPXL. Goldman Sachs Group Inc. raised its position in shares of 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 valued at $17,643,000 after buying an additional 100,000 shares during the last quarter. Group One Trading LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% during the second 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. BXM Wealth LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at about $5,354,000. Corient Private Wealth LLC increased its stake in 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 acquiring an additional 24,210 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at approximately $3,932,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 2.3%

SPXL opened at $272.72 on Tuesday. The stock’s 50 day simple moving average is $269.57 and its 200-day simple moving average is $236.04. The stock has a market cap of $6.94 billion, a PE ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $168.04 and a 1 year high of $289.00.

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.