Direxion Daily S&P 500 Bull 3x Shares $SPXL is PPSC Investment Service Corp’s Largest Position

PPSC Investment Service Corp lessened its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,550,545 shares of the company’s stock after selling 33,727 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for 42.0% of PPSC Investment Service Corp’s investment portfolio, making the stock its largest position. PPSC Investment Service Corp owned approximately 9.91% of Direxion Daily S&P 500 Bull 3x Shares worth $562,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in SPXL. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after purchasing an additional 60 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after purchasing an additional 576 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter valued at about $186,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 2.4%

Shares of SPXL opened at $229.00 on Thursday. The company has a 50-day simple moving average of $207.37 and a 200-day simple moving average of $215.59. The company has a market capitalization of $5.70 billion, a PE ratio of 25.10 and a beta of 3.01. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $99.31 and a 52-week high of $234.09.

Direxion Daily S&P 500 Bull 3x Shares 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.