Direxion Daily S&P 500 Bull 3x Shares $SPXL Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 24.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,215 shares of the company’s stock after selling 5,444 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of Direxion Daily S&P 500 Bull 3x Shares worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted 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 valued at $80,000 after buying an additional 60 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after acquiring an additional 100,000 shares in the last quarter. Lido Advisors LLC boosted its position in Direxion Daily S&P 500 Bull 3x Shares by 4.2% during the second quarter. Lido Advisors LLC now owns 8,369 shares of the company’s stock valued at $1,457,000 after purchasing an additional 341 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at $364,000. Finally, Cresset Asset Management LLC grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 7.0% in the second quarter. Cresset Asset Management LLC now owns 3,435 shares of the company’s stock valued at $598,000 after purchasing an additional 225 shares in the last quarter.

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

Shares of NYSEARCA SPXL opened at $189.60 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a one year low of $87.08 and a one year high of $234.09. The business’s 50-day moving average price is $210.36 and its two-hundred day moving average price is $215.42. The company has a market capitalization of $4.76 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.