CPR Investments Inc. lessened its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Free Report) by 42.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,022 shares of the company’s stock after selling 2,189 shares during the period. Direxion Daily S&P 500 Bull 3X accounts for 0.5% of CPR Investments Inc.’s investment portfolio, making the stock its 28th biggest position. CPR Investments Inc.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $510,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Direxion Daily S&P 500 Bull 3X by 358.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after purchasing an additional 929 shares in the last quarter. Brookstone Capital Management bought a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at approximately $205,000. Trinity Legacy Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth approximately $223,000. Wealthspire Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth approximately $205,000. Finally, CRA Financial Services LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at approximately $235,000.
Direxion Daily S&P 500 Bull 3X Stock Up 0.3 %
NYSEARCA SPXL opened at $164.22 on Wednesday. The stock’s 50 day moving average is $178.05 and its 200 day moving average is $162.29. The firm has a market capitalization of $5.23 billion, a PE ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a twelve month low of $99.72 and a twelve month high of $190.34.
About Direxion Daily S&P 500 Bull 3X
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.
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