Q3 Asset Management Makes New Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Q3 Asset Management bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,817 shares of the company’s stock, valued at approximately $1,062,000.

Other hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 384.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after buying an additional 123 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 buying an additional 60 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 223.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock worth $184,000 after buying an additional 576 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth approximately $186,000.

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

Direxion Daily S&P 500 Bull 3x Shares stock opened at $238.73 on Monday. The firm has a market cap of $5.80 billion, a PE ratio of 25.10 and a beta of 3.01. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $99.31 and a 52-week high of $241.06. The company’s 50 day moving average is $207.97 and its two-hundred day moving average is $215.93.

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.