Ferguson Wellman Capital Management Inc. Purchases Shares of 3,600 Direxion Daily S&P 500 Bull 3x Shares $SPXL

Ferguson Wellman Capital Management Inc. purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,600 shares of the company’s stock, valued at approximately $763,000.

A number of other hedge funds have also made changes to their positions in SPXL. Howard Capital Management Inc. purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth approximately $293,145,000. Wealthstar Advisors LLC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 62.7% during the second quarter. Wealthstar Advisors LLC now owns 481,825 shares of the company’s stock worth $83,611,000 after purchasing an additional 185,713 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after buying an additional 100,000 shares during the last quarter. Insight Wealth Partners LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 346.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 115,614 shares of the company’s stock valued at $20,062,000 after buying an additional 89,717 shares in the last quarter. Finally, Gainplan LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at $13,916,000.

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

Shares of NYSEARCA:SPXL opened at $231.82 on Friday. The company’s fifty day moving average price is $219.74 and its 200 day moving average price is $203.96. Direxion Daily S&P 500 Bull 3x Shares has a 12 month low of $87.08 and a 12 month high of $233.08. The firm has a market capitalization of $6.12 billion, a P/E 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.