Howard Capital Management Inc. Has $408.08 Million Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Howard Capital Management Inc. raised its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,418,951 shares of the company’s stock after purchasing an additional 344,346 shares during the quarter. Direxion Daily S&P 500 Bull 3X comprises approximately 5.2% of Howard Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Howard Capital Management Inc. owned about 0.08% of Direxion Daily S&P 500 Bull 3X worth $408,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Members Advisory Group LLC bought a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $5,361,000. Trinity Legacy Partners LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X by 14.0% in the 4th quarter. Trinity Legacy Partners LLC now owns 1,480 shares of the company’s stock valued at $250,000 after purchasing an additional 182 shares during the period. BXM Wealth LLC bought a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $1,394,000. PPSC Investment Service Corp boosted its holdings in Direxion Daily S&P 500 Bull 3X by 1.2% in the 4th quarter. PPSC Investment Service Corp now owns 2,541,446 shares of the company’s stock valued at $428,742,000 after purchasing an additional 29,486 shares during the period. Finally, PayPay Securities Corp boosted its holdings in Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after purchasing an additional 201 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Down 5.1 %

NYSEARCA SPXL opened at $176.76 on Friday. The company has a market capitalization of $5.63 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 12-month low of $111.54 and a 12-month high of $190.34. The firm has a 50-day moving average price of $178.01 and a two-hundred day moving average price of $168.84.

Direxion Daily S&P 500 Bull 3X 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.