Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 49.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 20,343 shares of the company’s stock after acquiring an additional 6,727 shares during the period. Archford Capital Strategies LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOXL. Farther Finance Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $32,000. Copia Wealth Management purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth $36,000. Lindbrook Capital LLC boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 70.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the period. Finally, St. Johns Investment Management Company LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $46,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 2.6%

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $24.58 on Thursday. The company has a fifty day moving average price of $16.70 and a 200 day moving average price of $21.52. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $7.23 and a twelve month high of $70.08. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 35.63 and a beta of 4.28.

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.