Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) Short Interest Down 18.0% in February

Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,251,081 shares, a decrease of 18.0% from the February 12th total of 1,526,457 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,885,676 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 2,885,676 shares, the short-interest ratio is currently 0.4 days. Currently, 5.0% of the shares of the company are sold short.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 0.8%

SPXL opened at $203.85 on Wednesday. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $234.09. The firm has a 50 day moving average of $221.02 and a two-hundred day moving average of $216.67. The firm has a market capitalization of $5.11 billion, a PE ratio of 25.10 and a beta of 3.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 389.6% in the first quarter. Goldman Sachs Group Inc. now owns 125,668 shares of the company’s stock valued at $17,643,000 after purchasing an additional 100,000 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 58.0% during the 4th quarter. Virtu Financial LLC now owns 55,957 shares of the company’s stock valued at $12,344,000 after buying an additional 20,544 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 34.9% in the 3rd quarter. Optiver Holding B.V. now owns 48,711 shares of the company’s stock valued at $10,322,000 after buying an additional 12,606 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 46,872 shares of the company’s stock valued at $10,340,000 after buying an additional 1,148 shares during the period. Finally, Group One Trading LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 1,181.5% in the second quarter. Group One Trading LLC now owns 45,492 shares of the company’s stock worth $7,894,000 after buying an additional 41,942 shares during the last quarter.

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