Direxion Daily S&P 500 Bull 3x Shares $SPXL Position Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 46.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,940 shares of the company’s stock after selling 2,586 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $630,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter worth $26,000. Anchor Investment Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at $52,000. FSA Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at $54,000. Bank of America Corp DE increased its stake in Direxion Daily S&P 500 Bull 3x Shares 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 purchasing an additional 60 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 about $186,000.

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

Shares of SPXL opened at $213.47 on Friday. The company has a 50-day moving average of $224.82 and a two-hundred day moving average of $210.77. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year 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.