Wealthstar Advisors LLC Has $27.32 Million Stake in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Wealthstar Advisors LLC trimmed its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,742 shares of the company’s stock after selling 20,852 shares during the period. Direxion Daily S&P 500 Bull 3x Shares makes up approximately 12.8% of Wealthstar Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Wealthstar Advisors LLC owned approximately 0.62% of Direxion Daily S&P 500 Bull 3x Shares worth $27,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Finward Bancorp bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 4th quarter worth $3,883,000. BXM Wealth LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth $5,354,000. October Effect Ltd bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth $2,115,000. Q3 Asset Management purchased a new position in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter worth $1,062,000. Finally, Flow Traders U.S. LLC grew its position in 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 worth $9,192,000 after acquiring an additional 19,984 shares in the last quarter.

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

Shares of NYSEARCA SPXL opened at $268.81 on Friday. The stock has a market capitalization of $6.83 billion, a P/E ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $168.04 and a one year high of $289.00. The firm’s 50 day simple moving average is $265.65 and its two-hundred day simple moving average is $233.61.

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.