St. Johns Investment Management Company LLC Makes New Investment in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

St. Johns Investment Management Company LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,880 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $27,180,000. BNP Paribas Financial Markets grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the fourth quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock worth $8,193,000 after buying an additional 299,744 shares in the last quarter. Simplex Trading LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% during the fourth quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after buying an additional 235,607 shares in the last quarter. IMC Chicago LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 83.3% during the first quarter. IMC Chicago LLC now owns 146,526 shares of the company’s stock worth $2,337,000 after buying an additional 66,606 shares in the last quarter. Finally, LM Advisors LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 667.3% during the fourth quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock worth $2,054,000 after buying an additional 65,400 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA SOXL opened at $21.58 on Tuesday. The company has a market cap of $14.48 billion, a PE ratio of 35.63 and a beta of 4.28. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.23 and a 12 month high of $70.08. The company has a 50-day simple moving average of $16.13 and a 200-day simple moving average of $21.48.

Direxion Daily Semiconductors Bull 3x Shares 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.