Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Trading Up 11%

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)’s share price was up 11% during trading on Wednesday . The company traded as high as $22.61 and last traded at $24.89, approximately 1,589,226 shares were traded during trading. A decline of 88% from the average daily volume of 12,894,114 shares. The stock had previously closed at $22.43.

The stock has a fifty day moving average of $52.33 and a 200 day moving average of $57.97.

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC lifted its holdings in Direxion Daily S&P 500 Bull 3X by 119.5% in the third quarter. Virtu Financial LLC now owns 9,867 shares of the company’s stock valued at $516,000 after acquiring an additional 5,372 shares during the period. Stone House Investment Management LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $244,000. IFP Advisors Inc lifted its holdings in Direxion Daily S&P 500 Bull 3X by 611.4% in the fourth quarter. IFP Advisors Inc now owns 1,437 shares of the company’s stock valued at $95,000 after acquiring an additional 1,235 shares during the period. Savior LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $31,000. Finally, TRUE Private Wealth Advisors acquired a new position in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $56,000.

About Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

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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