Silverleafe Capital Partners LLC Acquires New Stake in Direxion Daily S&P 500 Bull 3X ETF $SPXL

Silverleafe Capital Partners LLC bought a new position in Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 1,744 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPXL. Insight Wealth Partners LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X ETF by 78.8% during the 2nd quarter. Insight Wealth Partners LLC now owns 176,249 shares of the company’s stock valued at $47,705,000 after purchasing an additional 77,660 shares during the last quarter. Succession Financial Inc. bought a new stake in Direxion Daily S&P 500 Bull 3X ETF in the second quarter worth $39,344,000. Virtu Financial LLC boosted its stake in Direxion Daily S&P 500 Bull 3X ETF by 58.0% during the fourth quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock worth $12,344,000 after buying an additional 20,544 shares during the period. Gainplan LLC purchased a new position in Direxion Daily S&P 500 Bull 3X ETF during the second quarter worth $10,055,000. Finally, J. Safra Sarasin Holding AG boosted its stake in Direxion Daily S&P 500 Bull 3X ETF by 82.0% during the first quarter. J. Safra Sarasin Holding AG now owns 36,400 shares of the company’s stock worth $6,730,000 after buying an additional 16,400 shares during the period.

Direxion Daily S&P 500 Bull 3X ETF Stock Performance

SPXL stock traded up $5.95 during mid-day trading on Friday, reaching $288.65. 1,597,035 shares of the stock traded hands, compared to its average volume of 2,405,104. Direxion Daily S&P 500 Bull 3X ETF has a one year low of $168.04 and a one year high of $303.18. The stock has a market capitalization of $7.14 billion, a PE ratio of 25.10 and a beta of 3.02. The business has a 50-day moving average price of $284.35 and a two-hundred day moving average price of $260.50.

Direxion Daily S&P 500 Bull 3X ETF Company Profile

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.