Finward Bancorp Invests $3.88 Million in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Finward Bancorp acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,600 shares of the company’s stock, valued at approximately $3,883,000. Direxion Daily S&P 500 Bull 3x Shares makes up 3.0% of Finward Bancorp’s investment portfolio, making the stock its 9th largest holding. Finward Bancorp owned 0.07% of Direxion Daily S&P 500 Bull 3x Shares at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Anchor Investment Management LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the 2nd quarter valued at $52,000. Bank of America Corp DE raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after acquiring an additional 60 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Direxion Daily S&P 500 Bull 3x Shares by 223.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock valued at $184,000 after acquiring an additional 576 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 1.3%

SPXL opened at $191.98 on Tuesday. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $87.08 and a 1-year high of $234.09. The stock’s fifty day simple moving average is $209.62 and its 200 day simple moving average is $215.45. The stock has a market cap of $4.82 billion, a PE 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.