Charter Oak Capital Management LLC Sells 2,440 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Charter Oak Capital Management LLC decreased its holdings in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,338 shares of the company’s stock after selling 2,440 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $2,250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPXL. Larson Financial Group LLC grew its stake in Direxion Daily S&P 500 Bull 3X by 358.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after acquiring an additional 929 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter valued at approximately $203,000. Brookstone Capital Management bought a new position in Direxion Daily S&P 500 Bull 3X in the third quarter worth approximately $205,000. Trinity Legacy Partners LLC purchased a new position in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $223,000. Finally, CRA Financial Services LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the 3rd quarter valued at $235,000.

Direxion Daily S&P 500 Bull 3X Trading Down 4.2 %

Shares of SPXL stock opened at $178.20 on Tuesday. Direxion Daily S&P 500 Bull 3X has a twelve month low of $107.49 and a twelve month high of $190.34. The stock has a fifty day simple moving average of $178.35 and a two-hundred day simple moving average of $164.11. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99.

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.