PPSC Investment Service Corp Acquires 29,486 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

PPSC Investment Service Corp boosted its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,541,446 shares of the company’s stock after purchasing an additional 29,486 shares during the period. Direxion Daily S&P 500 Bull 3X comprises approximately 47.7% of PPSC Investment Service Corp’s holdings, making the stock its largest position. PPSC Investment Service Corp owned approximately 7.98% of Direxion Daily S&P 500 Bull 3X worth $428,742,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. PayPay Securities Corp increased its position in Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after purchasing an additional 201 shares during the last quarter. Larson Financial Group LLC increased its holdings in Direxion Daily S&P 500 Bull 3X by 358.7% in the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after buying an additional 929 shares during the last quarter. Wealth Alliance Advisory Group LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $203,000. Trinity Legacy Partners LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the third quarter valued at approximately $223,000. Finally, Private Advisor Group LLC lifted its stake in Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after acquiring an additional 75 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Up 3.0 %

Shares of SPXL opened at $186.14 on Friday. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company’s fifty day moving average is $178.18 and its 200-day moving average is $166.62. Direxion Daily S&P 500 Bull 3X has a 12 month low of $111.54 and a 12 month high of $190.34.

Direxion Daily S&P 500 Bull 3X 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.