Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Reaches New 1-Year High at $138.12

Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) hit a new 52-week high on Thursday . The stock traded as high as $138.12 and last traded at $135.56, with a volume of 1014040 shares traded. The stock had previously closed at $135.79.

Direxion Daily S&P 500 Bull 3X Stock Performance

The company has a 50 day moving average of $127.04 and a 200 day moving average of $113.02. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 3X

Hedge funds have recently modified their holdings of the business. PPSC Investment Service Corp boosted its holdings in Direxion Daily S&P 500 Bull 3X by 1.4% during the 1st quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock valued at $326,577,000 after acquiring an additional 32,500 shares during the period. IMC Chicago LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X in the 1st quarter valued at about $53,754,000. Jump Financial LLC raised its position in Direxion Daily S&P 500 Bull 3X by 0.8% in the 4th quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock valued at $17,028,000 after purchasing an additional 1,235 shares in the last quarter. Virtu Financial LLC raised its position in Direxion Daily S&P 500 Bull 3X by 1,173.8% in the 4th quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock valued at $12,444,000 after purchasing an additional 110,267 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its position in Direxion Daily S&P 500 Bull 3X by 709.8% in the 1st quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after purchasing an additional 53,288 shares in the last quarter.

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.