IMC Chicago LLC Makes New Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

IMC Chicago LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the third quarter, HoldingsChannel.com reports. The firm bought 352,065 shares of the company’s stock, valued at approximately $57,721,000.

Several other hedge funds also recently made changes to their positions in the business. PPSC Investment Service Corp raised its stake in Direxion Daily S&P 500 Bull 3X by 2.0% in the second quarter. PPSC Investment Service Corp now owns 2,486,325 shares of the company’s stock valued at $363,177,000 after purchasing an additional 49,725 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 709.8% in the 1st quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after buying an additional 53,288 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.2% during the 2nd quarter. Hollencrest Capital Management now owns 52,216 shares of the company’s stock worth $7,627,000 after acquiring an additional 613 shares during the period. Virtu Financial LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter worth approximately $6,555,000. Finally, Ashton Thomas Private Wealth LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 19.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 44,073 shares of the company’s stock valued at $6,438,000 after acquiring an additional 7,092 shares during the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA SPXL opened at $167.25 on Thursday. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $70.03 and a fifty-two week high of $173.32. The business has a fifty day moving average price of $159.06 and a two-hundred day moving average price of $145.55. The stock has a market capitalization of $5.33 billion, a PE ratio of 33.36 and a beta of 2.99.

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.