First Western Trust Bank Invests $218,000 in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

First Western Trust Bank acquired a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,490 shares of the company’s stock, valued at approximately $218,000.

Several other large investors also recently modified their holdings of the company. PPSC Investment Service Corp increased its position in shares of Direxion Daily S&P 500 Bull 3X by 2.0% during the second quarter. PPSC Investment Service Corp now owns 2,486,325 shares of the company’s stock worth $363,177,000 after buying an additional 49,725 shares during the period. IMC Chicago LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X in the first quarter worth $53,754,000. Jump Financial LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 0.8% in the fourth quarter. Jump Financial LLC now owns 163,743 shares of the company’s stock worth $17,028,000 after purchasing an additional 1,235 shares during the period. Virtu Financial LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 1,173.8% in the fourth quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock worth $12,444,000 after purchasing an additional 110,267 shares during the period. Finally, Flow Traders U.S. LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 709.8% in the first quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock worth $8,148,000 after purchasing an additional 53,288 shares during the period.

Direxion Daily S&P 500 Bull 3X Trading Down 0.7 %

NYSEARCA:SPXL opened at $144.40 on Friday. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The firm has a fifty day simple moving average of $147.68 and a two-hundred day simple moving average of $136.25. Direxion Daily S&P 500 Bull 3X has a 12 month low of $67.60 and a 12 month high of $162.49.

Direxion Daily S&P 500 Bull 3X 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.