Headlands Technologies LLC Makes New Investment in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Headlands Technologies LLC bought a new position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,138 shares of the company’s stock, valued at approximately $742,000.

Other hedge funds have also made changes to their positions in the company. Neo Ivy Capital Management raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 33.3% in the 3rd quarter. Neo Ivy Capital Management now owns 4,200 shares of the company’s stock worth $328,000 after buying an additional 1,050 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 158.7% in the 3rd quarter. Spire Wealth Management now owns 41,046 shares of the company’s stock worth $3,210,000 after buying an additional 25,181 shares in the last quarter. Traynor Capital Management Inc. raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 17.0% in the 4th quarter. Traynor Capital Management Inc. now owns 21,020 shares of the company’s stock worth $2,186,000 after buying an additional 3,056 shares in the last quarter. PayPay Securities Corp raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 16.7% in the 4th quarter. PayPay Securities Corp now owns 1,015 shares of the company’s stock worth $106,000 after buying an additional 145 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth approximately $4,195,000.

Direxion Daily S&P 500 Bull 3X Stock Up 2.8 %

SPXL stock traded up $3.30 during midday trading on Friday, reaching $121.14. 6,060,542 shares of the company’s stock traded hands, compared to its average volume of 7,121,306. The company has a 50-day simple moving average of $125.26 and a two-hundred day simple moving average of $106.01. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 34.49 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 1-year low of $67.60 and a 1-year high of $135.20.

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.