Ellis Investment Partners LLC Has $366,000 Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Ellis Investment Partners LLC trimmed its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 14.5% in the third quarter, HoldingsChannel.com reports. The firm owned 2,233 shares of the company’s stock after selling 380 shares during the period. Ellis Investment Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 2nd quarter valued at $80,000. PayPay Securities Corp raised its position in Direxion Daily S&P 500 Bull 3X by 24.0% in the first quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock worth $169,000 after purchasing an additional 244 shares in the last quarter. VitalStone Financial LLC raised its position in Direxion Daily S&P 500 Bull 3X by 66.4% in the first quarter. VitalStone Financial LLC now owns 1,276 shares of the company’s stock worth $171,000 after purchasing an additional 509 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X during the second quarter valued at approximately $205,000. Finally, Brookstone Capital Management acquired a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter valued at approximately $205,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of SPXL traded down $0.29 during mid-day trading on Friday, reaching $166.54. The company had a trading volume of 3,395,444 shares, compared to its average volume of 5,244,333. The company has a market capitalization of $5.30 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a twelve month low of $67.60 and a twelve month high of $173.32. The company’s 50-day moving average is $158.20 and its 200-day moving average is $144.68.

Direxion Daily S&P 500 Bull 3X 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.