Insight Wealth Partners LLC Increases Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Insight Wealth Partners LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 11.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,967 shares of the company’s stock after purchasing an additional 3,689 shares during the quarter. Direxion Daily S&P 500 Bull 3X comprises about 1.2% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Insight Wealth Partners LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $5,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its holdings in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares during the period. Kelly Financial Services LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.4% during the 3rd quarter. Kelly Financial Services LLC now owns 5,804 shares of the company’s stock worth $952,000 after buying an additional 79 shares during the last quarter. NovaPoint Capital LLC raised its position in shares of Direxion Daily S&P 500 Bull 3X by 7.5% in the 2nd quarter. NovaPoint Capital LLC now owns 1,701 shares of the company’s stock worth $248,000 after buying an additional 119 shares during the period. Summit Financial Strategies Inc. boosted its holdings in Direxion Daily S&P 500 Bull 3X by 6.8% in the third quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock valued at $539,000 after acquiring an additional 209 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Direxion Daily S&P 500 Bull 3X by 6.4% in the 2nd quarter. Creative Planning now owns 6,523 shares of the company’s stock worth $953,000 after purchasing an additional 390 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Performance

Shares of NYSEARCA:SPXL opened at $183.32 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 1 year low of $90.53 and a 1 year high of $183.96. The stock has a 50-day simple moving average of $167.66 and a 200-day simple moving average of $152.53. The stock has a market capitalization of $5.84 billion, a P/E 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.