Wealth Alliance Advisory Group LLC Acquires New Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Wealth Alliance Advisory Group LLC bought a new position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,201 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently made changes to their positions in SPXL. Larson Financial Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 358.7% during the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after purchasing an additional 929 shares during the period. Brookstone Capital Management bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the third quarter valued at $205,000. Trinity Legacy Partners LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at approximately $223,000. CRA Financial Services LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $235,000. Finally, Private Advisor Group LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Performance

Direxion Daily S&P 500 Bull 3X stock opened at $177.11 on Friday. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $101.27 and a fifty-two week high of $190.34. The stock has a market cap of $5.64 billion, a PE ratio of 33.36 and a beta of 2.99. The firm’s 50-day simple moving average is $177.75 and its 200 day simple moving average is $162.87.

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.