Encompass More Asset Management Has $3.68 Million Holdings in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Encompass More Asset Management grew its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 189.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,361 shares of the company’s stock after buying an additional 11,371 shares during the period. Encompass More Asset Management owned approximately 0.07% of Direxion Daily S&P 500 Bull 3x Shares worth $3,679,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at $52,000. FSA Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at about $54,000. Bank of America Corp DE boosted its position 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 purchasing an additional 60 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 92.6% during the 2nd quarter. Beacon Capital Management LLC now owns 570 shares of the company’s stock worth $99,000 after purchasing an additional 274 shares in the last quarter.

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

Shares of Direxion Daily S&P 500 Bull 3x Shares stock opened at $229.12 on Monday. The business has a 50-day simple moving average of $218.76 and a 200 day simple moving average of $199.83. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year high of $232.19. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3x Shares 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.