Headlands Technologies LLC Takes $742,000 Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Headlands Technologies LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 7,138 shares of the company’s stock, valued at approximately $742,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Neo Ivy Capital Management increased its holdings in Direxion Daily S&P 500 Bull 3X by 33.3% in the 3rd quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock valued at $328,000 after acquiring an additional 1,050 shares during the last quarter. Spire Wealth Management increased its holdings in Direxion Daily S&P 500 Bull 3X by 158.7% in the 3rd quarter. Spire Wealth Management now owns 41,046 shares of the company’s stock valued at $3,210,000 after acquiring an additional 25,181 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in Direxion Daily S&P 500 Bull 3X by 17.0% in the 4th quarter. Traynor Capital Management Inc. now owns 21,020 shares of the company’s stock valued at $2,186,000 after acquiring an additional 3,056 shares during the last quarter. PayPay Securities Corp grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 16.7% in the 4th quarter. PayPay Securities Corp now owns 1,015 shares of the company’s stock worth $106,000 after buying an additional 145 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth $4,195,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of NYSEARCA:SPXL traded up $3.30 on Friday, reaching $121.14. The company’s stock had a trading volume of 6,060,542 shares, compared to its average volume of 7,121,306. Direxion Daily S&P 500 Bull 3X has a 52-week low of $67.60 and a 52-week high of $135.20. The company has a market cap of $3.82 billion, a P/E ratio of 34.49 and a beta of 2.99. The company has a 50-day simple moving average of $125.26 and a 200 day simple moving average of $106.01.

About Direxion Daily S&P 500 Bull 3X

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.