Avaii Wealth Management LLC Buys New Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Avaii Wealth Management LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 14,327 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $24,699,000. Global Assets Advisory LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at $13,683,000. Westwood Wealth Management acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $10,158,000. Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth $7,760,000. Finally, Commonwealth Equity Services LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 60.7% during the first quarter. Commonwealth Equity Services LLC now owns 47,030 shares of the company’s stock worth $2,188,000 after buying an additional 17,757 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 5.9 %

SOXL traded up $2.04 during trading on Thursday, hitting $36.50. 55,765,855 shares of the company’s stock were exchanged, compared to its average volume of 75,189,414. The business’s 50 day moving average is $35.26 and its two-hundred day moving average is $43.41. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $14.01 and a fifty-two week high of $70.08. The stock has a market cap of $9.89 billion, a P/E ratio of 37.08 and a beta of 5.47.

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.