Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Get Free Report) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,622,689 shares, a growth of 29.7% from the February 26th total of 1,251,081 shares. Based on an average trading volume of 4,337,885 shares, the days-to-cover ratio is currently 0.4 days. Currently, 6.5% of the shares of the company are short sold.
Institutional Trading of Direxion Daily S&P 500 Bull 3x Shares
Several hedge funds have recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth $763,000. Encompass More Asset Management increased its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 189.8% in the 3rd quarter. Encompass More Asset Management now owns 17,361 shares of the company’s stock valued at $3,679,000 after purchasing an additional 11,371 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 85.4% in the third quarter. Flow Traders U.S. LLC now owns 43,378 shares of the company’s stock valued at $9,192,000 after purchasing an additional 19,984 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at about $1,142,000. Finally, Corient Private Wealth LLC boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 336.7% during the second quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock worth $5,449,000 after buying an additional 24,210 shares in the last quarter.
More Direxion Daily S&P 500 Bull 3x Shares News
Here are the key news stories impacting Direxion Daily S&P 500 Bull 3x Shares this week:
- Positive Sentiment: Short‑term risk appetite improved after comments suggesting a possible path toward ending the Iran conflict, lifting S&P 500 futures and helping leveraged long ETFs like SPXL recover. Stock Market Today: S&P 500, Dow Futures Jump As Trump Hints At Ending Iran War Even If Hormuz Remains Closed—Allbirds, Rocket Labs, Nebius In Focus
- Positive Sentiment: Wall Street debate about “buy the dip” and persistent longer‑term S&P 500 targets supports short‑term demand from dip buyers, which benefits leveraged long ETFs like SPXL. S&P 500 Nears Correction Territory. Wall Street Debates Buying the Dip.
- Neutral Sentiment: Roundup pieces showing which S&P 500 names held up or fell give context to sector‑level leadership but are not direct drivers of SPXL beyond their effect on the index. These Were the Best and Worst S&P 500 Stocks During the First Quarter
- Neutral Sentiment: Sector rotation stories (e.g., REITs yielding above Treasuries) highlight where some capital is moving, which can moderate net equity flows into the S&P 500 but are second‑order for SPXL. REITs Are the S&P 500’s Highest Yielding Sector. Realty Income and 3 More to Buy Now.
- Negative Sentiment: Macro pressure: Reuters reports the S&P 500 is set for its worst quarter since 2022 on Iran war and rate worries — an environment that magnifies losses for 3x long products like SPXL. S&P 500 heads for worst quarter since 2022 as Iran war, rate worries rattle Wall Street
- Negative Sentiment: Bearish analyst scenarios rising: warnings that the S&P 500 could fall further (to ~6,150) increase downside risk for leveraged longs and may spur risk‑off flows. S&P 500 could fall to 6,150: analyst explains how to play the dip
- Negative Sentiment: Rising oil and fading hopes of a quick end to the Iran conflict (oil >$100) add stagflation/risk‑off concerns that typically weigh on broad equities and therefore on SPXL. S&P 500 Falters and Oil Rises After Hopes Fade for a Quick End to Iran Conflict
Direxion Daily S&P 500 Bull 3x Shares Trading Up 8.0%
Direxion Daily S&P 500 Bull 3x Shares Company 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.
Further Reading
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