SBI Securities Co. Ltd. Invests $27.18 Million in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 995,254 shares of the company’s stock, valued at approximately $27,180,000. Direxion Daily Semiconductors Bull 3x Shares accounts for 0.8% of SBI Securities Co. Ltd.’s holdings, making the stock its 19th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 83.6% in the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock valued at $47,000 after buying an additional 585 shares during the period. PayPay Securities Corp boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the 4th quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after purchasing an additional 403 shares during the period. Covestor Ltd increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 101.4% during the 3rd quarter. Covestor Ltd now owns 1,766 shares of the company’s stock worth $65,000 after purchasing an additional 889 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 2,726.7% in the 3rd quarter. Hollencrest Capital Management now owns 2,968 shares of the company’s stock valued at $109,000 after purchasing an additional 2,863 shares during the period. Finally, Creative Planning bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at about $216,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

SOXL stock opened at $22.73 on Friday. The stock has a market capitalization of $7.01 billion, a P/E ratio of 29.74 and a beta of 3.96. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $21.02 and a fifty-two week high of $70.08. The business has a 50-day moving average of $28.73 and a 200-day moving average of $31.60.

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.