Smith Chas P & Associates PA Cpas Sells 1,683 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Smith Chas P & Associates PA Cpas trimmed its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,149 shares of the company’s stock after selling 1,683 shares during the quarter. Smith Chas P & Associates PA Cpas owned 0.08% of Direxion Daily S&P 500 Bull 3X worth $4,411,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Traynor Capital Management Inc. raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 37.3% during the fourth quarter. Traynor Capital Management Inc. now owns 38,383 shares of the company’s stock worth $6,475,000 after acquiring an additional 10,434 shares during the period. Wealth Alliance Advisory Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $203,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Direxion Daily S&P 500 Bull 3X by 730.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,934 shares of the company’s stock valued at $664,000 after buying an additional 3,460 shares during the last quarter. Navigation Wealth Management Inc. lifted its stake in Direxion Daily S&P 500 Bull 3X by 9.1% in the 4th quarter. Navigation Wealth Management Inc. now owns 2,792 shares of the company’s stock valued at $471,000 after acquiring an additional 233 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its position in Direxion Daily S&P 500 Bull 3X by 189.6% during the 4th quarter. Wallace Advisory Group LLC now owns 5,068 shares of the company’s stock worth $831,000 after acquiring an additional 3,318 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Down 1.0 %

NYSEARCA SPXL opened at $185.99 on Friday. Direxion Daily S&P 500 Bull 3X has a 12-month low of $107.49 and a 12-month high of $190.34. The firm’s 50 day moving average is $178.24 and its 200-day moving average is $163.92. The company has a market capitalization of $5.92 billion, a PE ratio of 33.36 and a beta of 2.99.

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.