Summit Trail Advisors LLC Reduces Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Summit Trail Advisors LLC lowered its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,600 shares of the company’s stock after selling 5,595 shares during the quarter. Summit Trail Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Neo Ivy Capital Management boosted its holdings in Direxion Daily S&P 500 Bull 3X by 33.3% in the third quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock worth $328,000 after purchasing an additional 1,050 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in Direxion Daily S&P 500 Bull 3X by 17.0% during the 4th quarter. Traynor Capital Management Inc. now owns 21,020 shares of the company’s stock valued at $2,186,000 after acquiring an additional 3,056 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $5,495,000. Spire Wealth Management grew its stake in Direxion Daily S&P 500 Bull 3X by 158.7% in the third quarter. Spire Wealth Management now owns 41,046 shares of the company’s stock worth $3,210,000 after purchasing an additional 25,181 shares in the last quarter. Finally, PayPay Securities Corp raised its position in Direxion Daily S&P 500 Bull 3X by 16.7% during the 4th quarter. PayPay Securities Corp now owns 1,015 shares of the company’s stock valued at $106,000 after purchasing an additional 145 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of SPXL stock traded up $1.02 during mid-day trading on Tuesday, hitting $127.64. 1,302,657 shares of the stock traded hands, compared to its average volume of 6,883,308. The stock’s fifty day moving average is $125.39 and its two-hundred day moving average is $108.32. Direxion Daily S&P 500 Bull 3X has a 52-week low of $67.60 and a 52-week high of $135.20. The stock has a market cap of $4.07 billion, a P/E ratio of 33.36 and a beta of 2.99.

About Direxion Daily S&P 500 Bull 3X

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.