Traynor Capital Management Inc. Sells 7,344 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Traynor Capital Management Inc. trimmed its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 38.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,754 shares of the company’s stock after selling 7,344 shares during the period. Traynor Capital Management Inc. owned 0.29% of Direxion Daily Semiconductors Bull 3x Shares worth $1,884,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hellman Jordan Management Co. Inc. MA bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $2,063,000. Harvest Investment Services LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $1,776,000. Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 268.5% during the 1st quarter. Toth Financial Advisory Corp now owns 7,628 shares of the company’s stock worth $1,049,000 after acquiring an additional 5,558 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $705,000. Finally, Creative Planning bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $485,000.

Shares of NYSEARCA SOXL traded down $1.33 during mid-day trading on Wednesday, reaching $138.26. 26,756 shares of the company were exchanged, compared to its average volume of 967,865. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $66.38 and a 52 week high of $206.43. The stock has a 50 day moving average of $158.11.

Further Reading: Ex-Dividend

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Institutional Ownership by Quarter for Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

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