Insight Wealth Partners LLC Lowers Stock Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Insight Wealth Partners LLC trimmed its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,278 shares of the company’s stock after selling 189 shares during the quarter. Direxion Daily S&P 500 Bull 3X accounts for approximately 0.8% of Insight Wealth Partners LLC’s holdings, making the stock its 9th largest position. Insight Wealth Partners LLC owned approximately 0.10% of Direxion Daily S&P 500 Bull 3X worth $4,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMC Chicago LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 1st quarter valued at $53,754,000. Virtu Financial LLC grew its position in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% during the fourth quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock worth $12,444,000 after purchasing an additional 110,267 shares in the last quarter. Flow Traders U.S. LLC grew its position in shares of Direxion Daily S&P 500 Bull 3X by 709.8% during the first quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock worth $8,148,000 after purchasing an additional 53,288 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $5,495,000. Finally, Ogborne Capital Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $5,200,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA:SPXL traded up $0.81 during trading on Friday, hitting $149.48. 2,597,585 shares of the company’s stock were exchanged, compared to its average volume of 5,772,514. Direxion Daily S&P 500 Bull 3X has a 52-week low of $67.60 and a 52-week high of $162.49. The business’s 50-day simple moving average is $145.89 and its 200 day simple moving average is $132.71. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.

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.