Ramsey Quantitative Systems Makes New $370,000 Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Ramsey Quantitative Systems bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $370,000. Direxion Daily S&P 500 Bull 3x Shares makes up about 0.4% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 9th biggest position.

Several other large investors have also recently made changes to their positions in SPXL. Finward Bancorp purchased a new position in Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at $3,883,000. BXM Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter worth about $5,354,000. October Effect Ltd purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $2,115,000. Q3 Asset Management purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $1,062,000. Finally, Flow Traders U.S. LLC grew its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 85.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 43,378 shares of the company’s stock valued at $9,192,000 after acquiring an additional 19,984 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 0.9%

NYSEARCA:SPXL opened at $270.06 on Tuesday. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $153.46 and a 52 week high of $289.00. The stock’s 50-day moving average price is $259.44 and its 200-day moving average price is $231.17. The stock has a market capitalization of $6.49 billion, a PE ratio of 25.10 and a beta of 3.02.

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.