Direxion Daily S&P 500 Bull 3x Shares $SPXL Position Increased by J. Safra Sarasin Holding AG

by · The Cerbat Gem

J. Safra Sarasin Holding AG lifted its position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) by 82.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,400 shares of the company’s stock after acquiring an additional 16,400 shares during the quarter. J. Safra Sarasin Holding AG owned approximately 0.15% of Direxion Daily S&P 500 Bull 3x Shares worth $6,730,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Betterment LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 3.6% in the fourth quarter. Betterment LLC now owns 1,622 shares of the company’s stock worth $358,000 after purchasing an additional 57 shares in the last quarter. Covestor Ltd grew its position in Direxion Daily S&P 500 Bull 3x Shares by 1.1% during the fourth quarter. Covestor Ltd now owns 5,389 shares of the company’s stock valued at $1,189,000 after purchasing an additional 60 shares in the last quarter. Bank of America Corp DE grew its position in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after purchasing an additional 60 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock valued at $35,000 after buying an additional 66 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Direxion Daily S&P 500 Bull 3x Shares by 8.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,439 shares of the company’s stock valued at $305,000 after buying an additional 113 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 2.3%

SPXL stock opened at $272.72 on Tuesday. The company has a 50 day moving average of $269.57 and a two-hundred day moving average of $236.04. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $168.04 and a 12-month high of $289.00.

About Direxion Daily S&P 500 Bull 3x Shares

(Free Report)

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.

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