IMC Chicago LLC boosted its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Free Report) by 550.1% during the first quarter, Holdings Channel reports. The fund owned 383,819 shares of the company’s stock after acquiring an additional 324,775 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $18,389,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $258,000. NewEdge Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $270,000. HUB Investment Partners LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth approximately $326,000. Raymond James Financial Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth approximately $25,000. Finally, Bank of America Corp DE lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after buying an additional 74,815 shares during the last quarter.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
Shares of SOXL opened at $165.55 on Thursday. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $22.57 and a fifty-two week high of $302.00. The firm has a 50 day moving average price of $209.18 and a 200-day moving average price of $116.82.
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.
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