Quantbot Technologies LP Buys Shares of 14,745 Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Quantbot Technologies LP bought a new stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 1st quarter, Holdings Channel reports. The firm bought 14,745 shares of the company’s stock, valued at approximately $1,976,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Neo Ivy Capital Management raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 33.3% in the 3rd quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock worth $328,000 after buying an additional 1,050 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter worth $46,000. PayPay Securities Corp raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 24.0% in the 1st quarter. PayPay Securities Corp now owns 1,259 shares of the company’s stock worth $169,000 after buying an additional 244 shares in the last quarter. PPSC Investment Service Corp grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.4% in the 1st quarter. PPSC Investment Service Corp now owns 2,436,600 shares of the company’s stock worth $326,577,000 after acquiring an additional 32,500 shares during the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter worth $5,495,000.

Direxion Daily S&P 500 Bull 3X Trading Up 1.8 %

Shares of NYSEARCA SPXL traded up $2.73 during mid-day trading on Friday, reaching $158.16. The company had a trading volume of 3,843,204 shares, compared to its average volume of 5,890,536. The stock has a market cap of $5.04 billion, a PE ratio of 33.36 and a beta of 2.99. The company has a 50-day moving average price of $141.14 and a two-hundred day moving average price of $126.13. Direxion Daily S&P 500 Bull 3X has a 1-year low of $67.60 and a 1-year high of $161.33.

Direxion Daily S&P 500 Bull 3X 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.