Short Interest in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Declines By 16.7%

Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,526,457 shares, a drop of 16.7% from the January 29th total of 1,832,984 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily volume of 3,270,782 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 3,270,782 shares, the days-to-cover ratio is presently 0.5 days. Currently, 6.1% of the shares of the company are short sold.

Institutional Trading of Direxion Daily S&P 500 Bull 3x Shares

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after acquiring an additional 100,000 shares during the period. Group One Trading LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% during the 2nd quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock valued at $7,894,000 after purchasing an additional 41,942 shares in the last quarter. BXM Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 4th quarter worth approximately $5,354,000. Corient Private Wealth LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 336.7% in the 2nd quarter. Corient Private Wealth LLC now owns 31,400 shares of the company’s stock worth $5,449,000 after purchasing an additional 24,210 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter worth approximately $3,932,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 2.1%

NYSEARCA SPXL traded up $4.41 on Wednesday, hitting $218.35. The stock had a trading volume of 3,026,120 shares, compared to its average volume of 2,812,161. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year high of $234.09. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. The company’s 50-day moving average is $224.73 and its two-hundred day moving average is $215.57.

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.