Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Sold by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC lowered its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 64.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,233 shares of the company’s stock after selling 18,231 shares during the period. Charter Oak Capital Management LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPXL. IMC Chicago LLC purchased a new stake in Direxion Daily S&P 500 Bull 3X during the first quarter worth $53,754,000. Virtu Financial LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 1,173.8% in the fourth quarter. Virtu Financial LLC now owns 119,661 shares of the company’s stock valued at $12,444,000 after acquiring an additional 110,267 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 709.8% in the first quarter. Flow Traders U.S. LLC now owns 60,795 shares of the company’s stock valued at $8,148,000 after acquiring 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 in the fourth quarter valued at $5,495,000. Finally, Ogborne Capital Management LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at $5,200,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

Direxion Daily S&P 500 Bull 3X stock traded up $4.64 during trading on Friday, hitting $155.40. The company’s stock had a trading volume of 4,739,098 shares, compared to its average volume of 5,697,374. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The stock’s fifty day moving average is $146.79 and its 200 day moving average is $133.85. Direxion Daily S&P 500 Bull 3X has a 1-year low of $67.60 and a 1-year high of $162.49.

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.