Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Sets New 1-Year High – Here’s What Happened

Shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) reached a new 52-week high during trading on Thursday . The stock traded as high as $244.80 and last traded at $244.65, with a volume of 1556352 shares trading hands. The stock had previously closed at $239.60.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 2.8%

The stock has a market cap of $5.94 billion, a PE ratio of 25.10 and a beta of 3.01. The business has a 50 day moving average price of $210.79 and a 200 day moving average price of $217.34.

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

A number of hedge funds have recently modified their holdings of SPXL. Newbridge Financial Services Group Inc. boosted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after buying an additional 123 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 54.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Quattro Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter worth $64,000. Bank of America Corp DE boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 223.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock worth $184,000 after buying an additional 576 shares in the last quarter.

About Direxion Daily S&P 500 Bull 3x Shares

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.