IMC Chicago LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,044 shares of the company’s stock, valued at approximately $2,482,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SOXL. Raymond James Financial Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $25,000. Addison Advisors LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth about $33,000. ORG Wealth Partners LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at about $36,000. Quent Capital LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at about $71,000. Finally, Spire Wealth Management grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 52.1% in the third quarter. Spire Wealth Management now owns 2,926 shares of the company’s stock worth $102,000 after acquiring an additional 1,002 shares during the period.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.7%
SOXL opened at $130.40 on Friday. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 35.63 and a beta of 5.54. The firm has a 50 day moving average price of $69.97 and a 200-day moving average price of $56.27. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $12.12 and a twelve month high of $131.38.
Direxion Daily Semiconductors Bull 3x Shares Profile
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.
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