Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Sees Unusually-High Trading Volume

Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) saw unusually-high trading volume on Tuesday . Approximately 585,682 shares changed hands during trading, a decline of 91% from the previous session’s volume of 6,221,900 shares.The stock last traded at $136.15 and had previously closed at $137.31.

The stock’s fifty day simple moving average is $124.15 and its 200-day simple moving average is $114.84.

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in Direxion Daily S&P 500 Bull 3X in the third quarter valued at about $1,475,000. Thrivent Financial for Lutherans bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $2,954,000. Two Sigma Securities LLC increased its stake in Direxion Daily S&P 500 Bull 3X by 392.8% in the third quarter. Two Sigma Securities LLC now owns 13,163 shares of the company’s stock valued at $1,408,000 after purchasing an additional 10,492 shares in the last quarter. UBS Group AG increased its stake in Direxion Daily S&P 500 Bull 3X by 15.4% in the third quarter. UBS Group AG now owns 57,615 shares of the company’s stock valued at $6,164,000 after purchasing an additional 7,695 shares in the last quarter. Finally, Morgan Stanley increased its stake in Direxion Daily S&P 500 Bull 3X by 188.8% in the third quarter. Morgan Stanley now owns 34,566 shares of the company’s stock valued at $3,698,000 after purchasing an additional 22,598 shares in the last quarter.

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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