Avestar Capital LLC Buys Shares of 59,805 Direxion Daily Semiconductors Bull 3x Shares $SOXL

Avestar Capital LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 59,805 shares of the company’s stock, valued at approximately $2,514,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $258,000. NewEdge Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $270,000. HUB Investment Partners LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $326,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Finally, Bank of America Corp DE raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the second quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock valued at $4,375,000 after purchasing an additional 74,815 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 5.3%

NYSEARCA SOXL opened at $280.54 on Thursday. The company’s 50 day moving average is $129.48 and its 200-day moving average is $79.52. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $18.22 and a 12-month high of $284.58. The firm has a market cap of $38.01 billion, a P/E ratio of 35.63 and a beta of 5.55.

Direxion Daily Semiconductors Bull 3x Shares Company 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.