37,148 Shares in Direxion Daily S&P 500 Bull 3x Shares $SPXL Acquired by Gainplan LLC

Gainplan LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 37,148 shares of the company’s stock, valued at approximately $10,055,000. Direxion Daily S&P 500 Bull 3x Shares comprises approximately 4.0% of Gainplan LLC’s portfolio, making the stock its 4th biggest position. Gainplan LLC owned about 0.15% of Direxion Daily S&P 500 Bull 3x Shares as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Newbridge Financial Services Group Inc. increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 384.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after acquiring an additional 123 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 44.4% during the 1st quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock worth $60,000 after purchasing an additional 100 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $64,000. Finally, Bank of America Corp DE increased its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after purchasing an additional 60 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

Shares of SPXL opened at $292.85 on Thursday. The firm has a 50-day simple moving average of $270.32 and a two-hundred day simple moving average of $241.13. The stock has a market cap of $7.34 billion, a PE ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $168.04 and a 1-year high of $300.96.

Direxion Daily S&P 500 Bull 3x Shares 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.