Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC boosted its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 31.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,491 shares of the company’s stock after buying an additional 1,086 shares during the period. Integrated Advisors Network LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $736,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3X by 34.1% during the first quarter. Commonwealth Equity Services LLC now owns 10,733 shares of the company’s stock worth $1,439,000 after buying an additional 2,730 shares during the period. Hollencrest Capital Management grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 1.2% in the second quarter. Hollencrest Capital Management now owns 52,216 shares of the company’s stock worth $7,627,000 after purchasing an additional 613 shares in the last quarter. Wallace Advisory Group LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the second quarter worth $256,000. Summit Financial Strategies Inc. increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 6.8% during the third quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock valued at $539,000 after purchasing an additional 209 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 9.6% during the second quarter. Spire Wealth Management now owns 18,318 shares of the company’s stock valued at $2,676,000 after purchasing an additional 1,599 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Down 5.9 %

SPXL stock opened at $157.33 on Friday. The company has a market capitalization of $5.01 billion, a P/E ratio of 33.36 and a beta of 2.99. The company has a 50-day simple moving average of $159.06 and a 200 day simple moving average of $145.55. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $70.03 and a fifty-two week high of $173.32.

About Direxion Daily S&P 500 Bull 3X

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.