Howard Capital Management Inc. Reduces Holdings in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Howard Capital Management Inc. trimmed its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,604,722 shares of the company’s stock after selling 78,946 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares comprises approximately 3.7% of Howard Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Howard Capital Management Inc. owned about 0.06% of Direxion Daily S&P 500 Bull 3x Shares worth $340,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares during the third quarter worth about $26,000. Anchor Investment Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth approximately $52,000. FSA Wealth Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth approximately $54,000. Bank of America Corp DE increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after acquiring an additional 60 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter valued at $186,000.

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

Shares of NYSEARCA SPXL opened at $227.97 on Friday. The stock has a market capitalization of $5.76 billion, a P/E ratio of 25.10 and a beta of 3.03. The stock’s fifty day moving average is $224.24 and its 200 day moving average is $209.55. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $87.08 and a 52 week high of $234.09.

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.