October Effect Ltd Invests $2.12 Million in Direxion Daily S&P 500 Bull 3x Shares $SPXL

October Effect Ltd bought a new position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 9,589 shares of the company’s stock, valued at approximately $2,115,000. Direxion Daily S&P 500 Bull 3x Shares makes up approximately 2.3% of October Effect Ltd’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after buying an additional 60 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 389.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock worth $17,643,000 after acquiring an additional 100,000 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 2nd quarter valued at approximately $3,932,000. Lido Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 4.2% during the 2nd quarter. Lido Advisors LLC now owns 8,369 shares of the company’s stock valued at $1,457,000 after acquiring an additional 341 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at $364,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Performance

Shares of SPXL opened at $189.60 on Friday. The company’s fifty day moving average is $210.36 and its 200 day moving average is $215.42. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $87.08 and a fifty-two week high of $234.09. The stock has a market capitalization of $4.76 billion, a PE ratio of 25.10 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3x Shares Company Profile

(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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Want to see what other hedge funds are holding SPXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL – Free Report).