Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Position Lifted by Covestor Ltd

Covestor Ltd boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 101.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,766 shares of the company’s stock after purchasing an additional 889 shares during the period. Covestor Ltd’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $65,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TB Alternative Assets Ltd. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $17,641,000. IMC Chicago LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth approximately $24,699,000. Westwood Wealth Management grew its position in Direxion Daily Semiconductors Bull 3x Shares by 4.0% in the second quarter. Westwood Wealth Management now owns 226,970 shares of the company’s stock worth $12,565,000 after acquiring an additional 8,655 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth approximately $7,760,000. Finally, International Assets Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth approximately $3,781,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.3 %

SOXL stock opened at $29.60 on Friday. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $21.29 and a 12 month high of $70.08. The firm has a 50 day moving average of $34.09 and a two-hundred day moving average of $42.48.

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.