Spire Wealth Management Sells 195,198 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Spire Wealth Management reduced its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 99.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,924 shares of the company’s stock after selling 195,198 shares during the quarter. Spire Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 6.6% during the first quarter. Meridian Wealth Management LLC now owns 10,058 shares of the company’s stock worth $160,000 after acquiring an additional 624 shares during the period. Optimum Investment Advisors grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,300 shares of the company’s stock worth $33,000 after buying an additional 1,100 shares in the last quarter. Signaturefd LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 50.0% during the first quarter. Signaturefd LLC now owns 4,500 shares of the company’s stock valued at $72,000 after buying an additional 1,500 shares during the period. St. Johns Investment Management Company LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 55.1% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 4,468 shares of the company’s stock valued at $112,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Westwood Wealth Management boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. Westwood Wealth Management now owns 231,245 shares of the company’s stock valued at $3,688,000 after purchasing an additional 2,800 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 8.2%

Shares of NYSEARCA SOXL opened at $43.01 on Friday. The stock has a market capitalization of $12.60 billion, a PE ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.22 and a 12-month high of $50.76. The stock’s fifty day simple moving average is $36.59 and its two-hundred day simple moving average is $26.83.

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.