Gainplan LLC Trims Holdings in Direxion Daily S&P 500 Bull 3X ETF $SPXL

Gainplan LLC trimmed its holdings in shares of Direxion Daily S&P 500 Bull 3X ETF (NYSEARCA:SPXL) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,450 shares of the company’s stock after selling 4,698 shares during the quarter. Direxion Daily S&P 500 Bull 3X ETF accounts for about 5.4% of Gainplan LLC’s portfolio, making the stock its 3rd largest position. Gainplan LLC’s holdings in Direxion Daily S&P 500 Bull 3X ETF were worth $9,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Insight Wealth Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X ETF by 78.8% during the second quarter. Insight Wealth Partners LLC now owns 176,249 shares of the company’s stock valued at $47,705,000 after acquiring an additional 77,660 shares during the last quarter. Succession Financial Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X ETF in the second quarter worth $39,344,000. Virtu Financial LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3X ETF by 58.0% in the fourth quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock worth $12,344,000 after purchasing an additional 20,544 shares during the last quarter. J. Safra Sarasin Holding AG increased its holdings in Direxion Daily S&P 500 Bull 3X ETF by 82.0% in the first quarter. J. Safra Sarasin Holding AG now owns 36,400 shares of the company’s stock valued at $6,730,000 after purchasing an additional 16,400 shares during the period. Finally, Optiver Holding B.V. raised its position in Direxion Daily S&P 500 Bull 3X ETF by 88.1% during the 1st quarter. Optiver Holding B.V. now owns 31,380 shares of the company’s stock worth $5,802,000 after purchasing an additional 14,700 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X ETF Trading Down 1.3%

Shares of SPXL opened at $293.05 on Friday. The stock’s 50-day moving average price is $287.87 and its two-hundred day moving average price is $263.97. Direxion Daily S&P 500 Bull 3X ETF has a 12 month low of $168.04 and a 12 month high of $303.18. The company has a market capitalization of $7.30 billion, a PE ratio of 25.10 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3X ETF News Roundup

Here are the key news stories impacting Direxion Daily S&P 500 Bull 3X ETF this week:

• Positive Sentiment: Optimistic earnings forecasts are supporting the underlying index. Deutsche Bank expects S&P 500 third-quarter earnings growth of 34%, above the 27% consensus, while broader estimates point to nearly 30% growth. Continued AI demand and a cyclical recovery could provide a near-term catalyst for SPXL. Deutsche Bank sees S&P 500 earnings growth holding at record in Q3 Here comes third-quarter earnings season
• Positive Sentiment: The S&P 500’s record highs, improving investor sentiment and forecasts that the index could reach 10,000 in 2027 are bullish signals for a leveraged S&P 500 fund. Supporters cite strong historical seasonality and a relatively attractive PEG ratio. S&P 500 Hits New Highs Prediction: The S&P 500 Will Hit 10,000 in 2027
• Neutral Sentiment: Market concentration is becoming a larger consideration. NVIDIA, Apple and Microsoft account for about 21% of the S&P 500, while mega-cap-focused funds illustrate how much index performance depends on a small group of companies. This can boost SPXL during a technology-led rally but increases concentration risk. Three Stocks Are Now 21% of the S&P 500
• Negative Sentiment: Near-term pressure came from slightly lower futures, hawkish inflation data, rising Treasury yields and renewed U.S.-Iran tensions. These factors can weigh on equity valuations and are amplified by SPXL’s 3x daily leverage. Stock Market: Will S&P 500 Open Up or Down Today?
• Negative Sentiment: A strategist warned that an AI investment bubble could burst in 2027, potentially sending the S&P 500 sharply lower. Given the index’s heavy technology exposure, such a reversal represents a significant downside risk for SPXL. AI bubble could burst in 2027

Direxion Daily S&P 500 Bull 3X ETF 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.