Brookstone Capital Management Sells 484 Shares of Direxion Daily S&P 500 Bull 3x Shares $SPXL

Brookstone Capital Management lowered its holdings in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,232 shares of the company’s stock after selling 484 shares during the period. Brookstone Capital Management’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 1st quarter valued at approximately $781,000. BXM Wealth LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 65.0% during the 1st quarter. BXM Wealth LLC now owns 13,640 shares of the company’s stock valued at $1,913,000 after purchasing an additional 5,375 shares during the last quarter. Q3 Asset Management bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 1st quarter valued at approximately $761,000. Finally, SBI Securities Co. Ltd. grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 1.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 148,175 shares of the company’s stock worth $20,802,000 after acquiring an additional 2,638 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Stock Performance

NYSEARCA:SPXL opened at $229.55 on Wednesday. The firm’s fifty day moving average is $205.51 and its 200-day moving average is $175.31. Direxion Daily S&P 500 Bull 3x Shares has a 52 week low of $87.08 and a 52 week high of $231.45. The firm has a market cap of $6.04 billion, a P/E ratio of 25.10 and a beta of 3.03.

About Direxion Daily S&P 500 Bull 3x Shares

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.