Charter Oak Capital Management LLC Reduces Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Charter Oak Capital Management LLC trimmed its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 64.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,233 shares of the company’s stock after selling 18,231 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at $35,000. Mather Group LLC. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the first quarter valued at $36,000. Westend Capital Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the first quarter valued at $37,000. Spartan Planning & Wealth Management purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at $46,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at $80,000.

Direxion Daily S&P 500 Bull 3X Stock Up 3.1 %

NYSEARCA:SPXL traded up $4.64 during mid-day trading on Friday, reaching $155.40. The company’s stock had a trading volume of 4,739,098 shares, compared to its average volume of 5,697,374. Direxion Daily S&P 500 Bull 3X has a 1 year low of $67.60 and a 1 year high of $162.49. The stock has a fifty day moving average of $146.79 and a 200-day moving average of $133.85. The firm has a market capitalization of $4.95 billion, a PE ratio of 33.36 and a beta of 2.99.

About Direxion Daily S&P 500 Bull 3X

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.