Parallel Advisors LLC lowered its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Free Report) by 30.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,499 shares of the company’s stock after selling 5,008 shares during the quarter. Parallel Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avestar Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $2,514,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 91.1% during the 4th quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock worth $297,000 after acquiring an additional 3,366 shares in the last quarter. HighTower Advisors LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 41,910 shares of the company’s stock valued at $1,761,000 after acquiring an additional 3,233 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 152.8% during the fourth quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock valued at $945,000 after acquiring an additional 13,593 shares during the last quarter.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 13.1%
Shares of SOXL opened at $136.81 on Friday. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $22.57 and a twelve month high of $302.00. The company has a 50 day moving average of $205.22 and a two-hundred day moving average of $121.35.
Direxion Daily Semiconductors Bull 3x Shares Company 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.
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