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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange. It invests in sectors, such as information technology, financials, health care, consumer discretionary, consumer staples, energy, industrials, utilities, materials and telecommunication services. Rafferty Asset Management, LLC is the Fund's investment adviser.
Basic Details
Issuer Direxion
Fund NameDirexion Daily S&P 500 Bull 3X
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:SPXL
Inception Date11/5/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkS&P 500 TR USD
CategorySize and Style
FocusLarge Cap
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.13 billion
Average Daily Volume$7.33 million
Discount/Premium1.45%
ETF Expenses
Management Fee0.75%
Other Expenses0.28%
Total Expenses1.03%
Fee Waiver0.01%
Net Expenses1.04%
Administrator, Advisor and Custodian
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial
Direxion Large Cap Bull 3X Shares (NYSEARCA:SPXL) Frequently Asked Questions
What is Direxion Large Cap Bull 3X Shares' stock symbol?
Direxion Large Cap Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SPXL."
How often does Direxion Large Cap Bull 3X Shares pay dividends? What is the dividend yield for Direxion Large Cap Bull 3X Shares?
Direxion Large Cap Bull 3X Shares announced a quarterly dividend on Wednesday, June 20th. Shareholders of record on Wednesday, June 20th will be given a dividend of $0.0138 per share on Tuesday, June 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Tuesday, June 19th. View Direxion Large Cap Bull 3X Shares' Dividend History.
Are investors shorting Direxion Large Cap Bull 3X Shares?
Direxion Large Cap Bull 3X Shares saw a increase in short interest in May. As of May 31st, there was short interest totalling 1,114,331 shares, an increase of 78.6% from the May 15th total of 623,849 shares. Based on an average daily trading volume, of 3,513,285 shares, the short-interest ratio is presently 0.3 days. View Direxion Large Cap Bull 3X Shares' Current Options Chain.
Has Direxion Large Cap Bull 3X Shares been receiving favorable news coverage?
News stories about SPXL stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Direxion Large Cap Bull 3X Shares earned a daily sentiment score of 0.13 on Accern's scale. They also assigned news coverage about the company an impact score of 44.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Direxion Large Cap Bull 3X Shares' major shareholders?
Direxion Large Cap Bull 3X Shares' stock is owned by a number of of retail and institutional investors. Top institutional investors include Gainplan LLC (5.51%), Traynor Capital Management Inc. (0.52%), Trellus Management Company LLC (0.16%), DRW Securities LLC (0.10%), Royal Bank of Canada (0.08%) and Ladenburg Thalmann Financial Services Inc. (0.05%). View Institutional Ownership Trends for Direxion Large Cap Bull 3X Shares.
Which institutional investors are selling Direxion Large Cap Bull 3X Shares stock?
Which institutional investors are buying Direxion Large Cap Bull 3X Shares stock?
How do I buy shares of Direxion Large Cap Bull 3X Shares?
Shares of SPXL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Direxion Large Cap Bull 3X Shares' stock price today?
One share of SPXL stock can currently be purchased for approximately $44.90.
MarketBeat Community Rating for Direxion Large Cap Bull 3X Shares (SPXL)
MarketBeat's community ratings are surveys of what our community members think about Direxion Large Cap Bull 3X Shares and other stocks. Vote "Outperform" if you believe SPXL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPXL will underperform the S&P 500 over the long term. You may vote once every thirty days.
