DRW Securities LLC Takes Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

DRW Securities LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,637 shares of the company’s stock, valued at approximately $1,120,000.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $34,000. IFP Advisors Inc purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $67,000. PayPay Securities Corp raised its holdings in Direxion Daily S&P 500 Bull 3X by 55.4% during the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after purchasing an additional 201 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $203,000. Finally, Raymond James Financial Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $224,000.

Direxion Daily S&P 500 Bull 3X Stock Up 27.6 %

NYSEARCA SPXL opened at $122.60 on Thursday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 22.84 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X has a 52-week low of $87.08 and a 52-week high of $190.34. The firm has a 50-day moving average price of $154.71 and a 200 day moving average price of $167.28.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.4935 dividend. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

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.