Westwood Wealth Management Sells 6,400 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

Westwood Wealth Management lessened its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 18.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,625 shares of the company’s stock after selling 6,400 shares during the period. Direxion Daily S&P 500 Bull 3x Shares comprises about 2.1% of Westwood Wealth Management’s holdings, making the stock its 13th biggest position. Westwood Wealth Management owned about 0.11% of Direxion Daily S&P 500 Bull 3x Shares worth $5,854,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth $763,000. Blueprint Financial Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at about $2,723,000. Encompass More Asset Management lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 189.8% during the third quarter. Encompass More Asset Management now owns 17,361 shares of the company’s stock valued at $3,679,000 after purchasing an additional 11,371 shares during the last quarter. Parallel Advisors LLC boosted its position in Direxion Daily S&P 500 Bull 3x Shares by 38.1% during the second quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock worth $126,000 after purchasing an additional 200 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the second quarter worth about $1,142,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 1.9%

NYSEARCA SPXL opened at $231.82 on Monday. The firm has a market cap of $6.10 billion, a P/E ratio of 25.10 and a beta of 3.03. The company’s 50 day moving average is $219.74 and its 200-day moving average is $204.51. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $233.08.

Direxion Daily S&P 500 Bull 3x Shares Company 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.