Belvedere Trading LLC Makes New Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Bank of America Corp DE raised its position in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after purchasing an additional 576 shares during the period. Virtus Wealth Solutions LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at approximately $201,000. Finally, NorthRock Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the third 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 12 month low of $146.70 and a 12 month high of $286.50. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. The company’s 50 day moving average is $233.11 and its 200-day moving average is $224.57.

Direxion Daily S&P 500 Bull 3x Shares 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.