Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Trading 18.9% Higher – What’s Next?

by · The Cerbat Gem

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL – Get Free Report) shares traded up 18.9% during mid-day trading on Wednesday . The stock traded as high as $111.80 and last traded at $114.27. 11,508,451 shares were traded during mid-day trading, an increase of 169% from the average session volume of 4,273,714 shares. The stock had previously closed at $96.11.

Direxion Daily S&P 500 Bull 3X Trading Up 5.1 %

The firm has a market capitalization of $3.33 billion, a P/E ratio of 22.84 and a beta of 3.03. The business has a 50 day moving average of $152.11 and a 200-day moving average of $166.61.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.4935 per share. This is an increase from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 3X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPXL. HighTower Advisors LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after acquiring an additional 76 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X by 7.1% during the third quarter. EP Wealth Advisors LLC now owns 3,864 shares of the company’s stock worth $634,000 after purchasing an additional 256 shares during the last quarter. JPMorgan Chase & Co. grew its position in Direxion Daily S&P 500 Bull 3X by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock valued at $2,659,000 after purchasing an additional 5,399 shares in the last quarter. Silverleafe Capital Partners LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 149.3% in the 4th quarter. Silverleafe Capital Partners LLC now owns 3,724 shares of the company’s stock valued at $628,000 after buying an additional 2,230 shares during the last quarter. Finally, Gainplan LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 275.2% in the 4th quarter. Gainplan LLC now owns 62,666 shares of the company’s stock valued at $10,572,000 after buying an additional 45,966 shares during the last quarter.

About Direxion Daily S&P 500 Bull 3X

(Get Free Report)

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.

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