Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Shares Gap Down to $45.73

Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $43.58, but opened at $45.73. Direxion Daily S&P 500 Bull 3X shares last traded at $46.15, with a volume of 472,173 shares.

The company’s 50-day simple moving average is $52.49 and its 200 day simple moving average is $48.37.

Several institutional investors have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter worth approximately $2,085,000. Piershale Financial Group Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter worth approximately $208,000. Ellis Investment Partners LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter worth approximately $116,000. Icon Advisers Inc. Co. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter worth approximately $938,000. Finally, Patriot Investment Management Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 1st quarter worth approximately $258,000.

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.

Featured Article: Candlestick

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.