Spire Wealth Management Increases Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Spire Wealth Management lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 14,970.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,122 shares of the company’s stock after purchasing an additional 195,814 shares during the period. Spire Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $3,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $29,000. Copia Wealth Management purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $36,000. Lindbrook Capital LLC grew its position in shares of 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 valued at $40,000 after acquiring an additional 600 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth approximately $32,000. Finally, St. Johns Investment Management Company LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth approximately $46,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 2.6%

Direxion Daily Semiconductors Bull 3x Shares stock opened at $24.58 on Thursday. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.23 and a 12 month high of $70.08. The business’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $21.52. The company 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.