Ramsey Quantitative Systems Takes $370,000 Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Ramsey Quantitative Systems purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,000 shares of the company’s stock, valued at approximately $370,000. Direxion Daily S&P 500 Bull 3x Shares accounts for approximately 0.4% of Ramsey Quantitative Systems’ portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Finward Bancorp purchased a new position in Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter valued at $3,883,000. BXM Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at about $5,354,000. October Effect Ltd purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the fourth quarter worth about $2,115,000. Flow Traders U.S. LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 85.4% during the third quarter. Flow Traders U.S. LLC now owns 43,378 shares of the company’s stock worth $9,192,000 after purchasing an additional 19,984 shares in the last quarter. Finally, Q3 Asset Management acquired a new position in shares of Direxion Daily S&P 500 Bull 3x Shares during the 4th quarter worth about $1,062,000.

Direxion Daily S&P 500 Bull 3x Shares Trading Down 0.9%

Shares of Direxion Daily S&P 500 Bull 3x Shares stock opened at $270.06 on Tuesday. The firm has a market capitalization of $6.49 billion, a PE ratio of 25.10 and a beta of 3.02. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $153.46 and a twelve month high of $289.00. The firm’s 50-day moving average price is $259.44 and its 200 day moving average price is $231.17.

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.