Virtu Financial LLC Makes New $7.76 Million Investment in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the second quarter, Holdings Channel reports. The institutional investor bought 140,174 shares of the company’s stock, valued at approximately $7,760,000. Direxion Daily Semiconductors Bull 3x Shares makes up about 0.5% of Virtu Financial LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also made changes to their positions in the business. Global Assets Advisory LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $13,683,000. SG Americas Securities LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 56.4% in the second quarter. SG Americas Securities LLC now owns 39,276 shares of the company’s stock valued at $2,174,000 after acquiring an additional 14,170 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $623,000. VitalStone Financial LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the first quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Covestor Ltd lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the first quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after purchasing an additional 875 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

SOXL opened at $32.14 on Tuesday. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $14.01 and a one year high of $70.08. The business’s fifty day moving average is $40.19 and its two-hundred day moving average is $45.05.

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.