Belvedere Trading LLC Sells 104,064 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Belvedere Trading LLC cut its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 81.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,831 shares of the company’s stock after selling 104,064 shares during the quarter. Belvedere Trading LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $598,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 14.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,142,842 shares of the company’s stock worth $18,228,000 after purchasing an additional 147,588 shares during the period. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at approximately $1,387,000. XTX Topco Ltd grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 370.4% in the 1st quarter. XTX Topco Ltd now owns 103,848 shares of the company’s stock valued at $1,656,000 after acquiring an additional 81,771 shares during the period. Surience Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth $1,311,000. Finally, Triton Wealth Management PLLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $1,327,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 4.8%

SOXL stock opened at $43.14 on Monday. The stock has a market capitalization of $13.57 billion, a P/E ratio of 35.63 and a beta of 4.08. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $7.22 and a 52 week high of $44.16. The firm has a 50-day simple moving average of $33.09 and a 200-day simple moving average of $24.65.

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.