Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its holdings in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 57.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 630 shares of the company’s stock after acquiring an additional 230 shares during the period. IFP Advisors Inc’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. PPSC Investment Service Corp boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 1.7% in the first quarter. PPSC Investment Service Corp now owns 2,584,718 shares of the company’s stock valued at $362,869,000 after acquiring an additional 43,272 shares in the last quarter. Jump Financial LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $3,334,000. Blue Sky Capital Consultants Group Inc. acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $3,100,000. Spire Wealth Management boosted its stake in Direxion Daily S&P 500 Bull 3x Shares by 39.0% in the first quarter. Spire Wealth Management now owns 27,248 shares of the company’s stock valued at $3,825,000 after acquiring an additional 7,647 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $1,120,000.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

NYSEARCA SPXL opened at $186.06 on Thursday. Direxion Daily S&P 500 Bull 3x Shares has a 1 year low of $87.08 and a 1 year high of $190.34. The company has a market capitalization of $5.70 billion, a PE ratio of 25.10 and a beta of 3.08. The company has a fifty day moving average of $167.63 and a two-hundred day moving average of $156.52.

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.