Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Hits New 12-Month High at $58.50

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.50 and last traded at $58.44, with a volume of 53329 shares traded. The stock had previously closed at $57.33.

The business has a 50-day moving average price of $53.10 and a 200-day moving average price of $51.03.

Institutional investors have recently made changes to their positions in the company. Bouchey Financial Group Ltd grew its stake in Direxion Daily S&P 500 Bull 3X by 4.6% in the third quarter. Bouchey Financial Group Ltd now owns 11,302 shares of the company’s stock valued at $591,000 after purchasing an additional 502 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $34,000. Financial Gravity Wealth Inc. purchased a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $44,000. Atria Investments LLC purchased a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $201,000. Finally, We Are One Seven LLC purchased a new position in Direxion Daily S&P 500 Bull 3X in the second quarter valued at about $201,000.

About Direxion Daily S&P 500 Bull 3X (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.

Further Reading: What are defining characteristics of a correction?

Receive News & Ratings for Direxion Daily S&P 500 Bull 3X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bull 3X and related companies with MarketBeat.com's FREE daily email newsletter.