Direxion Daily Semiconductors Bull 3X ETF $SOXL Stock Purchased by Client First Investment Management LLC

Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) by 117.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,643 shares of the company’s stock after acquiring an additional 17,621 shares during the quarter. Direxion Daily Semiconductors Bull 3X ETF makes up 2.3% of Client First Investment Management LLC’s portfolio, making the stock its 9th biggest position. Client First Investment Management LLC’s holdings in Direxion Daily Semiconductors Bull 3X ETF were worth $4,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOXL. Anchor Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at $107,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the first quarter valued at about $33,000. St. Johns Investment Management Company LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the first quarter valued at about $38,000. Finally, Bouchey Financial Group Ltd. purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the second quarter valued at about $360,000.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

SOXL stock opened at $139.76 on Friday. Direxion Daily Semiconductors Bull 3X ETF has a 1 year low of $28.12 and a 1 year high of $302.00. The firm has a 50-day moving average of $130.80 and a 200 day moving average of $148.14. The company has a market cap of $21.54 billion, a P/E ratio of 35.63 and a beta of 5.75.

About Direxion Daily Semiconductors Bull 3X ETF

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.