Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after selling 125 shares during the period. Independence Bank of Kentucky’s holdings in Direxion Daily S&P 500 Bull 3X were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Blair William & Co. IL acquired a new stake in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth approximately $32,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter worth about $37,000. Captrust Financial Advisors grew its holdings in shares of Direxion Daily S&P 500 Bull 3X by 10,588.9% during the second quarter. Captrust Financial Advisors now owns 962 shares of the company’s stock worth $63,000 after purchasing an additional 953 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the first quarter worth about $88,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the first quarter worth about $219,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of SPXL stock opened at $88.07 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 18.43 and a beta of 3.08. Direxion Daily S&P 500 Bull 3X has a 1 year low of $48.97 and a 1 year high of $99.20. The stock’s 50-day moving average is $91.13 and its two-hundred day moving average is $80.88.

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.