Significant Withdrawals Impact Direxion Daily S&P 500 Bull 3X Fund

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Direxion Daily S&P 500 Bull 3X ETF (SPXL) experienced a significant outflow of approximately $272.8 million this week, marking a 5.1% decrease in shares outstanding, from 31,600,001 to 30,000,001 units. This change highlights a notable shift in investor demand.

As of the latest trading data, SPXL’s share price stands at $169.01, within a 52-week range of $99.72 (low) and $190.34 (high). Key underlying components, including AT&T Inc (T), NextEra Energy Inc (NEE), and Lowe’s Companies Inc (LOW), reported slight declines of about 0.9%, 1.2%, and 0.8% respectively.

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