Encompass More Asset Management Sells 456 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Encompass More Asset Management lowered its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,350 shares of the company’s stock after selling 456 shares during the quarter. Encompass More Asset Management’s holdings in Direxion Daily S&P 500 Bull 3X were worth $565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after purchasing an additional 75 shares in the last quarter. HighTower Advisors LLC lifted its stake in Direxion Daily S&P 500 Bull 3X by 1.3% in the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock valued at $939,000 after buying an additional 76 shares in the last quarter. Kelly Financial Services LLC raised its position in Direxion Daily S&P 500 Bull 3X by 1.4% in the 3rd quarter. Kelly Financial Services LLC now owns 5,804 shares of the company’s stock valued at $952,000 after buying an additional 79 shares during the last quarter. Summit Financial Strategies Inc. boosted its position in Direxion Daily S&P 500 Bull 3X by 6.8% during the 3rd quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock worth $539,000 after acquiring an additional 209 shares during the last quarter. Finally, Navigation Wealth Management Inc. grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 9.1% during the 4th quarter. Navigation Wealth Management Inc. now owns 2,792 shares of the company’s stock worth $471,000 after acquiring an additional 233 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Trading Up 0.1 %

Shares of SPXL opened at $187.93 on Friday. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The firm has a fifty day simple moving average of $177.93 and a 200 day simple moving average of $163.64. Direxion Daily S&P 500 Bull 3X has a 12 month low of $107.49 and a 12 month high of $190.34.

Direxion Daily S&P 500 Bull 3X Company 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.