BXM Wealth LLC Reduces Stake in Direxion Daily S&P 500 Bull 3x Shares $SPXL

BXM Wealth LLC cut its position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 89.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,492 shares of the company’s stock after selling 21,775 shares during the period. BXM Wealth LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $461,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Betterment LLC grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 3.6% in the fourth quarter. Betterment LLC now owns 1,622 shares of the company’s stock valued at $358,000 after purchasing an additional 57 shares during the last quarter. Covestor Ltd increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 1.1% in the fourth quarter. Covestor Ltd now owns 5,389 shares of the company’s stock valued at $1,189,000 after buying an additional 60 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 54.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after buying an additional 66 shares during the last quarter. Finally, Blueprint Financial Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 0.5% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 15,767 shares of the company’s stock worth $3,341,000 after buying an additional 77 shares in the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 5.4%

Direxion Daily S&P 500 Bull 3x Shares stock opened at $265.13 on Tuesday. The firm has a market capitalization of $6.38 billion, a PE ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $168.04 and a 52 week high of $289.00. The firm’s 50-day simple moving average is $263.05 and its 200 day simple moving average is $232.40.

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.