Charter Oak Capital Management LLC Cuts Stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Charter Oak Capital Management LLC lessened its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 15.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,338 shares of the company’s stock after selling 2,440 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $2,250,000 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. Larson Financial Group LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 358.7% in the third quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock valued at $195,000 after purchasing an additional 929 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter worth $203,000. Brookstone Capital Management bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth about $205,000. Trinity Legacy Partners LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $223,000. Finally, CRA Financial Services LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at about $235,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA SPXL opened at $178.20 on Tuesday. Direxion Daily S&P 500 Bull 3X has a 1-year low of $107.49 and a 1-year high of $190.34. The business’s 50 day moving average is $178.35 and its two-hundred day moving average is $164.11. The stock has a market capitalization of $5.68 billion, a P/E ratio of 33.36 and a beta of 2.99.

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.