Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 16,142.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,360 shares of the company’s stock after buying an additional 5,327 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $879,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SPXL. PayPay Securities Corp boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 24.0% in the first quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock worth $169,000 after acquiring an additional 244 shares during the last quarter. PPSC Investment Service Corp boosted its position in Direxion Daily S&P 500 Bull 3X by 1.4% in the 1st quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock valued at $326,577,000 after buying an additional 32,500 shares during the period. Steele Capital Management Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the first quarter valued at $207,000. Commonwealth Equity Services LLC raised its position in Direxion Daily S&P 500 Bull 3X by 34.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,733 shares of the company’s stock valued at $1,439,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Westwood Wealth Management raised its holdings in Direxion Daily S&P 500 Bull 3X by 14.1% in the first quarter. Westwood Wealth Management now owns 33,950 shares of the company’s stock valued at $4,550,000 after acquiring an additional 4,200 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Down 0.2 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $166.54 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 52 week low of $67.60 and a 52 week high of $173.32. The firm’s 50 day moving average is $158.20 and its two-hundred day moving average is $144.68.

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.