M Holdings Securities Inc. Makes New $2.21 Million Investment in Direxion Daily Semiconductors Bull 3x Shares $SOXL

M Holdings Securities Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 52,639 shares of the company’s stock, valued at approximately $2,212,000.

Several other institutional investors also recently bought and sold shares of the company. Simplex Trading LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares during the period. Jump Financial LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after purchasing an additional 775,222 shares during the period. Tower Research Capital LLC TRC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after purchasing an additional 603,324 shares during the period. Group One Trading LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the 2nd quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock worth $20,182,000 after purchasing an additional 319,393 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after purchasing an additional 516,575 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 10.4%

SOXL opened at $180.65 on Thursday. The stock’s fifty day moving average is $145.30 and its two-hundred day moving average is $85.59. The company has a market capitalization of $24.48 billion, a P/E ratio of 35.63 and a beta of 5.70. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $19.84 and a 52 week high of $284.58.

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.