Spire Wealth Management Purchases 195,814 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Spire Wealth Management boosted its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 14,970.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 197,122 shares of the company’s stock after acquiring an additional 195,814 shares during the period. Spire Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $3,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SOXL. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $27,180,000. BNP Paribas Financial Markets raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% in the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after acquiring an additional 299,744 shares during the period. Simplex Trading LLC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after acquiring an additional 235,607 shares during the period. IMC Chicago LLC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 83.3% in the 1st quarter. IMC Chicago LLC now owns 146,526 shares of the company’s stock valued at $2,337,000 after acquiring an additional 66,606 shares during the period. Finally, LM Advisors LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 667.3% during the fourth quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock valued at $2,054,000 after buying an additional 65,400 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 2.6%

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $24.58 on Thursday. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.23 and a 12-month high of $70.08. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 35.63 and a beta of 4.28. The company’s 50-day moving average price is $16.70 and its 200-day moving average price is $21.52.

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.