IMC Chicago LLC Buys 324,775 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

IMC Chicago LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 550.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,819 shares of the company’s stock after acquiring an additional 324,775 shares during the period. IMC Chicago LLC owned 0.28% of Direxion Daily Semiconductors Bull 3x Shares worth $18,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SOXL. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $25,000. St. Johns Investment Management Company LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $38,000. 1248 Management LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $36,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 6.3%

Shares of NYSEARCA SOXL opened at $165.55 on Thursday. The business has a 50-day moving average of $209.18 and a 200-day moving average of $116.82. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $22.57 and a 12 month high of $302.00.

About Direxion Daily Semiconductors Bull 3x Shares

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.