Trinity Legacy Partners LLC Makes New Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Trinity Legacy Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,298 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds also recently added to or reduced their stakes in SPXL. IMC Chicago LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter valued at about $57,721,000. Flow Traders U.S. LLC grew its stake 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 acquiring an additional 53,288 shares during the last quarter. PPSC Investment Service Corp increased its position in Direxion Daily S&P 500 Bull 3X by 2.0% during the 2nd quarter. PPSC Investment Service Corp now owns 2,486,325 shares of the company’s stock worth $363,177,000 after purchasing an additional 49,725 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the second quarter valued at $6,555,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter valued at $3,067,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA SPXL opened at $180.09 on Friday. The business has a 50-day moving average of $160.55 and a 200-day moving average of $147.40. Direxion Daily S&P 500 Bull 3X has a 1-year low of $79.78 and a 1-year high of $180.96. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.

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.