Commonwealth Equity Services LLC Cuts Stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Commonwealth Equity Services LLC cut its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,497 shares of the company’s stock after selling 846 shares during the period. Commonwealth Equity Services LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $887,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $29,000. Anchor Investment Management LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 83.6% during the 3rd quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock worth $47,000 after buying an additional 585 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 70.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the period. PayPay Securities Corp boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the fourth quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock valued at $62,000 after acquiring an additional 403 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Direxion Daily Semiconductors Bull 3x Shares by 40.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,025 shares of the company’s stock valued at $219,000 after acquiring an additional 2,313 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA:SOXL opened at $15.95 on Wednesday. The business has a 50-day moving average of $24.00 and a two-hundred day moving average of $29.07. The firm has a market capitalization of $7.05 billion, a PE ratio of 22.62 and a beta of 4.11. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $14.40 and a 12 month high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.0648 per share. The ex-dividend date was Tuesday, March 25th. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

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.