Sound Income Strategies LLC Boosts Stake in Direxion Daily S&P 500 Bull 3X (SPXL)

Sound Income Strategies LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 150.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,847 shares of the company’s stock after purchasing an additional 1,709 shares during the period. Sound Income Strategies LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SPXL. We Are One Seven LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $209,000. Clear Harbor Asset Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth about $215,000. SG Americas Securities LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the second quarter worth about $370,000. Bank of The West acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth about $570,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth about $3,028,000.

Shares of SPXL traded down $0.34 during midday trading on Friday, hitting $35.89. The stock had a trading volume of 464,965 shares, compared to its average volume of 8,964,441. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $27.27 and a fifty-two week high of $55.95.



The company also recently announced a quarterly dividend, which was paid on Friday, January 4th. Shareholders of record on Friday, December 28th were issued a $0.2077 dividend. This represents a $0.83 annualized dividend and a dividend yield of 2.31%. This is a boost from Direxion Daily S&P 500 Bull 3X’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, December 27th.

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Direxion Daily S&P 500 Bull 3X 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.

Further Reading: Quiet Period

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Institutional Ownership by Quarter for Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

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