AXS Investments LLC Invests $398,000 in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

AXS Investments LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,425 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors also recently modified their holdings of the company. Millington Financial Advisors LLC increased its holdings in Direxion Daily S&P 500 Bull 3X by 5.9% in the 2nd quarter. Millington Financial Advisors LLC now owns 3,814 shares of the company’s stock worth $343,000 after purchasing an additional 211 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Direxion Daily S&P 500 Bull 3X by 10.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,188 shares of the company’s stock worth $224,000 after purchasing an additional 380 shares in the last quarter. Parallel Advisors LLC increased its holdings in Direxion Daily S&P 500 Bull 3X by 322.6% in the 2nd quarter. Parallel Advisors LLC now owns 524 shares of the company’s stock worth $47,000 after purchasing an additional 400 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth about $37,000. Finally, FNY Investment Advisers LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the 2nd quarter worth about $53,000.

Direxion Daily S&P 500 Bull 3X Stock Up 0.5 %

Shares of SPXL opened at $89.53 on Friday. Direxion Daily S&P 500 Bull 3X has a 12-month low of $58.61 and a 12-month high of $99.20. The business has a 50-day simple moving average of $80.63 and a two-hundred day simple moving average of $83.98. The stock has a market cap of $3.08 billion, a PE ratio of 18.43 and a beta of 3.08.

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.