TAP Consulting LLC Invests $274,000 in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

TAP Consulting LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,712 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SOXL. AlphaMark Advisors LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock valued at $29,000 after purchasing an additional 690 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at approximately $53,000. Lindbrook Capital LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 362.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock worth $58,000 after acquiring an additional 1,450 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth approximately $64,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth approximately $78,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 6.3 %

Shares of SOXL traded up $2.34 on Friday, reaching $39.75. The stock had a trading volume of 58,906,577 shares, compared to its average volume of 71,851,641. The firm has a market capitalization of $9.55 billion, a PE ratio of 42.92 and a beta of 5.29. The firm has a 50-day moving average of $42.84 and a 200 day moving average of $31.96. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $12.52 and a twelve month high of $56.99.

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.