Gainplan LLC Has $10.57 Million Stock Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Gainplan LLC raised its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 275.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,666 shares of the company’s stock after purchasing an additional 45,966 shares during the period. Direxion Daily S&P 500 Bull 3X accounts for about 4.0% of Gainplan LLC’s holdings, making the stock its 4th biggest position. Gainplan LLC owned 0.20% of Direxion Daily S&P 500 Bull 3X worth $10,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SPXL. Silverleafe Capital Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 149.3% during the 4th quarter. Silverleafe Capital Partners LLC now owns 3,724 shares of the company’s stock valued at $628,000 after purchasing an additional 2,230 shares during the period. JPMorgan Chase & Co. increased its position in shares of Direxion Daily S&P 500 Bull 3X by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock valued at $2,659,000 after buying an additional 5,399 shares during the period. Discipline Wealth Solutions LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth about $466,000. EP Wealth Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3X by 7.1% in the third quarter. EP Wealth Advisors LLC now owns 3,864 shares of the company’s stock valued at $634,000 after acquiring an additional 256 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Direxion Daily S&P 500 Bull 3X during the third quarter valued at approximately $29,479,000.

Direxion Daily S&P 500 Bull 3X Trading Up 0.4 %

Direxion Daily S&P 500 Bull 3X stock opened at $163.79 on Tuesday. Direxion Daily S&P 500 Bull 3X has a 1-year low of $99.72 and a 1-year high of $190.34. The firm has a market capitalization of $5.22 billion, a PE ratio of 33.36 and a beta of 2.99. The firm’s 50 day simple moving average is $178.05 and its 200 day simple moving average is $162.29.

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.