Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Purchased by Millington Financial Advisors LLC

Millington Financial Advisors LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,094 shares of the company’s stock after purchasing an additional 408 shares during the quarter. Millington Financial Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $643,000. HighTower Advisors LLC increased its position in Direxion Daily S&P 500 Bull 3X by 1.3% during the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Direxion Daily S&P 500 Bull 3X by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock worth $2,659,000 after purchasing an additional 5,399 shares during the period. Private Advisor Group LLC boosted its holdings in Direxion Daily S&P 500 Bull 3X by 5.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after purchasing an additional 75 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $749,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of NYSEARCA SPXL opened at $174.19 on Tuesday. The company has a market capitalization of $5.55 billion, a P/E ratio of 33.36 and a beta of 2.99. The company has a 50 day simple moving average of $177.74 and a 200-day simple moving average of $169.46. Direxion Daily S&P 500 Bull 3X has a 1 year low of $111.54 and a 1 year high of $190.34.

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.