Direxion Daily S&P 500 Bull 3x Shares $SPXL Shares Sold by BXM Wealth LLC

BXM Wealth LLC reduced its position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 89.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,492 shares of the company’s stock after selling 21,775 shares during the period. BXM Wealth LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Direxion Daily S&P 500 Bull 3x Shares by 389.6% in the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after acquiring an additional 100,000 shares in the last quarter. Group One Trading LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% during the 2nd quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock worth $7,894,000 after purchasing an additional 41,942 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 336.7% during the 2nd quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock worth $5,449,000 after purchasing an additional 24,210 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter worth $3,932,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 4th quarter valued at about $4,920,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 5.4%

Shares of NYSEARCA SPXL opened at $265.13 on Tuesday. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $168.04 and a 52 week high of $289.00. The firm has a 50-day moving average price of $263.05 and a 200 day moving average price of $232.40.

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.