Bouchey Financial Group Ltd Purchases Shares of 1,344 Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Bouchey Financial Group Ltd purchased a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,344 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in the stock. Millington Financial Advisors LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 7.2% in the 4th quarter. Millington Financial Advisors LLC now owns 6,094 shares of the company’s stock valued at $1,073,000 after purchasing an additional 408 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $67,000. Howard Capital Management Inc. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 16.6% during the 4th quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock valued at $408,077,000 after acquiring an additional 344,346 shares in the last quarter. Members Advisory Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at $5,361,000. Finally, Trinity Legacy Partners LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 14.0% during the 4th quarter. Trinity Legacy Partners LLC now owns 1,480 shares of the company’s stock valued at $250,000 after acquiring an additional 182 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Down 4.7 %

NYSEARCA:SPXL opened at $163.55 on Friday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 25.69 and a beta of 3.10. The firm’s fifty day simple moving average is $177.43 and its 200 day simple moving average is $169.69. Direxion Daily S&P 500 Bull 3X has a twelve month low of $111.54 and a twelve month high of $190.34.

Direxion Daily S&P 500 Bull 3X 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.