Lido Advisors LLC Lowers Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Lido Advisors LLC decreased its position in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 65.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,913 shares of the company’s stock after selling 5,564 shares during the period. Lido Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SPXL. Newbridge Financial Services Group Inc. lifted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. Halbert Hargrove Global Advisors LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares by 54.5% during the first 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. Parallel Advisors LLC increased its holdings in Direxion Daily S&P 500 Bull 3x Shares by 44.4% in the first quarter. Parallel Advisors LLC now owns 325 shares of the company’s stock valued at $60,000 after buying an additional 100 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter worth about $64,000. Finally, Bank of America Corp DE raised its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after acquiring an additional 60 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Up 5.1%

SPXL stock opened at $262.91 on Friday. The company’s 50-day simple moving average is $269.68 and its 200-day simple moving average is $239.63. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $168.04 and a 52-week high of $289.00. The firm has a market cap of $6.57 billion, a P/E ratio of 25.10 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3x Shares 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.