Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Sets New 12-Month High at $152.29

Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) reached a new 52-week high on Friday . The company traded as high as $152.29 and last traded at $151.96, with a volume of 450443 shares trading hands. The stock had previously closed at $151.67.

Direxion Daily S&P 500 Bull 3X Stock Performance

The stock has a 50-day moving average price of $136.73 and a two-hundred day moving average price of $123.90. The stock has a market capitalization of $4.84 billion, a PE ratio of 33.36 and a beta of 2.99.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. PPSC Investment Service Corp lifted its holdings in 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 purchasing an additional 32,500 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 1st quarter worth approximately $53,754,000. Jump Financial LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 0.8% during the 4th quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock worth $17,028,000 after acquiring an additional 1,235 shares in the last quarter. Virtu Financial LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% during the 4th quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock valued at $12,444,000 after purchasing an additional 110,267 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 709.8% during the 1st quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after purchasing an additional 53,288 shares during the last quarter.

About Direxion Daily S&P 500 Bull 3X

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.