SG Americas Securities LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,836 shares of the company’s stock, valued at approximately $328,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SOXL. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $25,000. Raymond James Financial Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $25,000. 1248 Management LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the period. ORG Wealth Partners LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at about $36,000. Finally, Tucker Asset Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at about $37,000.
Direxion Daily Semiconductors Bull 3x Shares Price Performance
Shares of SOXL opened at $192.45 on Friday. The company has a 50-day moving average of $206.28 and a two-hundred day moving average of $113.12. The stock has a market cap of $22.81 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $22.57 and a one year high of $302.00.
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.
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