Parallel Advisors LLC Sells 5,008 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Parallel Advisors LLC cut its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 30.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,499 shares of the company’s stock after selling 5,008 shares during the quarter. Parallel Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. SteelPeak Wealth LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the 1st quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after purchasing an additional 266 shares during the period. IMC Chicago LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after purchasing an additional 324,775 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth approximately $340,000. WJ Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $398,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $133,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 13.1%

Shares of SOXL stock opened at $136.81 on Friday. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. The company’s 50 day moving average is $205.22 and its 200 day moving average is $121.35. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $22.57 and a 52-week high of $302.00.

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.