Cerity Partners LLC Purchases New Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Cerity Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,120 shares of the company’s stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PPSC Investment Service Corp lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.2% during the fourth quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock worth $428,742,000 after purchasing an additional 29,486 shares during the period. Howard Capital Management Inc. lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 16.6% in the 4th quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock worth $408,077,000 after acquiring an additional 344,346 shares during the period. Wealthstar Advisors LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at about $50,038,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at about $24,552,000. Finally, Gainplan LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 275.2% during the fourth quarter. Gainplan LLC now owns 62,666 shares of the company’s stock worth $10,572,000 after acquiring an additional 45,966 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Up 7.5 %

Shares of NYSEARCA:SPXL opened at $110.43 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 52 week low of $87.08 and a 52 week high of $190.34. The company has a 50-day moving average price of $142.26 and a 200 day moving average price of $164.20. The company has a market cap of $3.50 billion, a P/E ratio of 19.59 and a beta of 3.03.

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.