Direxion Daily S&P 500 Bull 3X (SPXL) Shares Gap Up to $46.74

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $45.78, but opened at $46.74. Direxion Daily S&P 500 Bull 3X shares last traded at $47.99, with a volume of 2965651 shares.

Several institutional investors have recently modified their holdings of SPXL. Wealthstar Advisors LLC raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 35.1% in the fourth quarter. Wealthstar Advisors LLC now owns 436,112 shares of the company’s stock worth $14,353,000 after purchasing an additional 113,341 shares during the last quarter. Traynor Capital Management Inc. raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 6.5% in the fourth quarter. Traynor Capital Management Inc. now owns 135,084 shares of the company’s stock worth $4,444,000 after purchasing an additional 8,256 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth approximately $1,072,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth approximately $220,000. Finally, Creative Planning raised its stake in shares of Direxion Daily S&P 500 Bull 3X by 5.3% in the fourth quarter. Creative Planning now owns 28,750 shares of the company’s stock worth $946,000 after purchasing an additional 1,460 shares during the last quarter.

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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.

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