3,367 Shares in Direxion Daily S&P 500 Bull 3x Shares $SPXL Purchased by Belvedere Trading LLC

Belvedere Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,367 shares of the company’s stock, valued at approximately $743,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 384.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after purchasing an additional 123 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after acquiring an additional 60 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after acquiring an additional 576 shares during the last quarter. Virtus Wealth Solutions LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 4th quarter valued at approximately $201,000. Finally, NorthRock Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter valued at approximately $212,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 0.6%

NYSEARCA:SPXL opened at $284.65 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $146.70 and a twelve month high of $286.50. The business has a 50 day moving average price of $233.11 and a two-hundred day moving average price of $224.57. The company has a market cap of $6.85 billion, a P/E ratio of 25.10 and a beta of 3.02.

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.