Direxion Daily S&P 500 Bull 3X (SPXL) Shares Gap Up to $47.89

Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) gapped up before the market opened on Thursday . The stock had previously closed at $49.48, but opened at $47.89. Direxion Daily S&P 500 Bull 3X shares last traded at $47.93, with a volume of 57727 shares changing hands.

Hedge funds have recently made changes to their positions in the business. Wealthstar Advisors LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 3.2% in the third quarter. Wealthstar Advisors LLC now owns 322,771 shares of the company’s stock worth $17,537,000 after purchasing an additional 10,105 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 2,139.7% in the first quarter. Royal Bank of Canada now owns 20,157 shares of the company’s stock worth $832,000 after purchasing an additional 19,257 shares in the last quarter. Bank of The West purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth $570,000. SG Americas Securities LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the second quarter worth $370,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the third quarter worth $215,000.

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Direxion Daily S&P 500 Bull 3X Company Profile (NYSEARCA:SPXL)

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.

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