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

Insight Wealth Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,967 shares of the company’s stock after acquiring an additional 3,689 shares during the period. Direxion Daily S&P 500 Bull 3X makes up 1.2% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Insight Wealth Partners LLC owned 0.11% of Direxion Daily S&P 500 Bull 3X worth $5,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SPXL. PPSC Investment Service Corp increased its stake in Direxion Daily S&P 500 Bull 3X by 2.0% in the 2nd quarter. PPSC Investment Service Corp now owns 2,486,325 shares of the company’s stock valued at $363,177,000 after buying an additional 49,725 shares during the period. IMC Chicago LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X in the third quarter valued at $57,721,000. Hollencrest Capital Management boosted its position in shares of Direxion Daily S&P 500 Bull 3X by 1.2% during the 2nd quarter. Hollencrest Capital Management now owns 52,216 shares of the company’s stock worth $7,627,000 after purchasing an additional 613 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X during the 2nd quarter worth $6,555,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 19.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 44,073 shares of the company’s stock valued at $6,438,000 after purchasing an additional 7,092 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of SPXL opened at $183.32 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 1-year low of $90.53 and a 1-year high of $183.96. The firm has a 50 day simple moving average of $167.66 and a 200-day simple moving average of $152.53. The stock has a market cap of $5.84 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.