NorthRock Partners LLC Sells 3,418 Shares of Direxion Daily S&P 500 Bull 3X ETF $SPXL

NorthRock Partners LLC lowered its position in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 77.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 3,418 shares during the quarter. NorthRock Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $271,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Betterment LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X ETF by 3.6% in the fourth quarter. Betterment LLC now owns 1,622 shares of the company’s stock worth $358,000 after purchasing an additional 57 shares in the last quarter. Covestor Ltd lifted its stake in shares of Direxion Daily S&P 500 Bull 3X ETF by 1.1% during the 4th quarter. Covestor Ltd now owns 5,389 shares of the company’s stock valued at $1,189,000 after buying an additional 60 shares in the last quarter. Bank of America Corp DE boosted its holdings in Direxion Daily S&P 500 Bull 3X ETF by 14.6% in 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 during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X ETF by 54.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after buying an additional 66 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X ETF by 44.4% in the 1st quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock worth $60,000 after buying an additional 100 shares during the period.

Direxion Daily S&P 500 Bull 3X ETF Stock Performance

Shares of SPXL stock opened at $282.93 on Friday. The stock has a fifty day simple moving average of $280.95 and a two-hundred day simple moving average of $253.33. The firm has a market capitalization of $7.09 billion, a PE ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3X ETF has a 52-week low of $168.04 and a 52-week high of $303.18.

Direxion Daily S&P 500 Bull 3X ETF 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.