Direxion Daily S&P 500 Bull 3x Shares $SPXL Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. cut its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,604,722 shares of the company’s stock after selling 78,946 shares during the period. Direxion Daily S&P 500 Bull 3x Shares accounts for approximately 3.7% of Howard Capital Management Inc.’s holdings, making the stock its 9th biggest holding. Howard Capital Management Inc. owned about 5.84% of Direxion Daily S&P 500 Bull 3x Shares worth $340,040,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPXL. Significant Wealth Partners LLC raised its holdings in Direxion Daily S&P 500 Bull 3x Shares by 13.0% in the third quarter. Significant Wealth Partners LLC now owns 7,175 shares of the company’s stock worth $1,520,000 after purchasing an additional 824 shares during the period. Wealth Management Nebraska acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares during the 3rd quarter worth $215,000. Traynor Capital Management Inc. lifted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 4.1% during the third quarter. Traynor Capital Management Inc. now owns 45,724 shares of the company’s stock worth $9,689,000 after acquiring an additional 1,785 shares in the last quarter. J. Safra Sarasin Holding AG grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 10.0% in the third quarter. J. Safra Sarasin Holding AG now owns 18,480 shares of the company’s stock valued at $3,916,000 after acquiring an additional 1,680 shares during the period. Finally, QTR Family Wealth LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the third quarter worth about $823,000.

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

Shares of Direxion Daily S&P 500 Bull 3x Shares stock opened at $227.97 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a 52-week low of $87.08 and a 52-week high of $234.09. The business’s 50 day simple moving average is $224.24 and its 200 day simple moving average is $209.55. The firm has a market cap of $5.76 billion, a PE 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.