JPMorgan Chase & Co. Has $2.66 Million Stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

JPMorgan Chase & Co. raised its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 49.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,220 shares of the company’s stock after purchasing an additional 5,399 shares during the quarter. JPMorgan Chase & Co.’s holdings in Direxion Daily S&P 500 Bull 3X were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 358.7% during the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after purchasing an additional 929 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth approximately $205,000. Trinity Legacy Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth approximately $223,000. CRA Financial Services LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X in the third quarter valued at approximately $235,000. Finally, Private Advisor Group LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after acquiring an additional 75 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Up 2.8 %

SPXL stock opened at $177.11 on Tuesday. The stock has a market cap of $5.64 billion, a P/E ratio of 33.36 and a beta of 2.99. The stock’s fifty day simple moving average is $177.63 and its two-hundred day simple moving average is $163.12. Direxion Daily S&P 500 Bull 3X has a 1-year low of $101.27 and a 1-year high of $190.34.

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.