November 25, 2016 - By Marguerite Chambers · 0 Comments
Nov 25 is a positive day so far for Direxion Daily S&P500 Bull 3X ETF (NYSEARCA:SPXL) as the ETF is active during the day after gaining 1.07% to hit $103.4 per share. The exchange traded fund has 479.29M net assets and 2.55% volatility this month.
Over the course of the day 122,717 shares traded hands, as compared to an average volume of 1.23M over the last 30 days for Direxion Daily S&P500 Bull 3X ETF (NYSEARCA:SPXL).
The ETF is -4.28% of its 52-Week High and 69.87% of its low, and is currently having ATR of 2.82. This year’s performance is 16.54% while this quarter’s performance is -3.80%.
The ETF’s YTD performance is 10.62%, the 1 year is 4.63% and the 3 year is 18.96%.
The ETF’s average P/E ratio is 19.05, the price to book is 2.67, the price to sales is 1.86 and the price to cashflow is 10.37. It was started on 11/05/2008. The fund’s top holdings are: S&P 500 Index Swap for 53.76% of assets, Goldman Finl Sq Trsry Ins for 26.11%, SPDRÂ® S&P 500 ETF for 15.97%, Fidelity Institutional Go for 0.00%.
More notable recent Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) news were published by: Etfdailynews.com which released: “Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX …” on June 07, 2012, also Benzinga.com with their article: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems” published on October 06, 2015, Benzinga.com published: “These Leveraged Sector ETFs Merit Attention As Clinton Pushes Ahead” on October 04, 2016. More interesting news about Direxion Large Cap Bull 3X Shares (ETF) (NYSEARCA:SPXL) were released by: Seekingalpha.com and their article: “Volatility Targeting Strategy Using 3X Leveraged Equity And Treasury ETFs” published on July 11, 2016 as well as Benzinga.com‘s news article titled: “7 Binary Trades For The End Of 2016” with publication date: November 08, 2016.
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 ETF has a market cap of $479.29 million. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. It currently has negative earnings. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
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By Marguerite Chambers