NorthRock Partners LLC Cuts Stake in Direxion Daily S&P 500 Bull 3X ETF $SPXL

NorthRock Partners LLC lowered its stake in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 77.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,000 shares of the company’s stock after selling 3,418 shares during the quarter. NorthRock Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPXL. Succession Financial Inc. bought a new position in shares of Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth $39,344,000. Goldman Sachs Group Inc. increased its holdings in Direxion Daily S&P 500 Bull 3X ETF by 389.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after acquiring an additional 100,000 shares during the last quarter. Group One Trading LLC increased its holdings in Direxion Daily S&P 500 Bull 3X ETF by 1,181.5% in the 2nd quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock valued at $7,894,000 after acquiring an additional 41,942 shares during the last quarter. Gainplan LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X ETF in the 2nd quarter worth $10,055,000. Finally, Corient Private Wealth LLC lifted its stake in Direxion Daily S&P 500 Bull 3X ETF by 336.7% in the 2nd quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock worth $5,449,000 after purchasing an additional 24,210 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X ETF Stock Up 2.4%

SPXL opened at $282.93 on Friday. The company has a market capitalization of $7.09 billion, a PE ratio of 25.10 and a beta of 3.02. The firm has a 50-day simple moving average of $280.95 and a two-hundred day simple moving average of $253.33. Direxion Daily S&P 500 Bull 3X ETF has a 52 week low of $168.04 and a 52 week high of $303.18.

Direxion Daily S&P 500 Bull 3X ETF 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.