Spire Wealth Management Trims Holdings in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Spire Wealth Management cut its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 99.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,924 shares of the company’s stock after selling 195,198 shares during the period. Spire Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 58.8% during the first quarter. Stratos Wealth Advisors LLC now owns 22,214 shares of the company’s stock valued at $354,000 after purchasing an additional 8,228 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 134.8% in the first quarter. Edgestream Partners L.P. now owns 30,972 shares of the company’s stock valued at $494,000 after purchasing an additional 17,781 shares during the period. Signaturefd LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 50.0% during the 1st quarter. Signaturefd LLC now owns 4,500 shares of the company’s stock worth $72,000 after buying an additional 1,500 shares during the last quarter. Bogart Wealth LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $72,000. Finally, 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 valued at $18,228,000 after buying an additional 147,588 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 8.2%

Shares of NYSEARCA SOXL opened at $43.01 on Friday. The business’s 50 day moving average is $36.59 and its two-hundred day moving average is $26.83. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.22 and a 52-week high of $50.76. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52.

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.