Belvedere Trading LLC Cuts Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Belvedere Trading LLC lessened its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 81.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,831 shares of the company’s stock after selling 104,064 shares during the quarter. Belvedere Trading LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $195,000. Parallel Advisors LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 194.9% during the second quarter. Parallel Advisors LLC now owns 16,257 shares of the company’s stock valued at $408,000 after buying an additional 10,745 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $416,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth approximately $750,000. Finally, Morse Asset Management Inc lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 23.0% during the 1st quarter. Morse Asset Management Inc now owns 38,028 shares of the company’s stock valued at $607,000 after buying an additional 7,118 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 4.8%

Shares of SOXL stock opened at $43.14 on Monday. The company has a 50 day simple moving average of $33.09 and a two-hundred day simple moving average of $24.65. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.22 and a 12 month high of $44.16. The stock has a market cap of $13.57 billion, a P/E ratio of 35.63 and a beta of 4.08.

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.