Belvedere Trading LLC Purchases Shares of 15,898 Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Belvedere Trading LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,898 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 56.4% during the second quarter. SG Americas Securities LLC now owns 39,276 shares of the company’s stock valued at $2,174,000 after buying an additional 14,170 shares during the period. Morse Asset Management Inc lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 31.1% during the second quarter. Morse Asset Management Inc now owns 16,225 shares of the company’s stock worth $898,000 after buying an additional 3,848 shares during the period. Signaturefd LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 17.6% in the 3rd quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $73,000 after acquiring an additional 300 shares during the period. HB Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth about $623,000. Finally, XTX Topco Ltd acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $503,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 1.4 %

Shares of SOXL traded up $0.42 during mid-day trading on Monday, reaching $31.25. The company had a trading volume of 20,096,246 shares, compared to its average volume of 75,097,523. The stock has a 50 day moving average of $34.59 and a two-hundred day moving average of $42.65. The stock has a market capitalization of $8.47 billion, a P/E ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $17.73 and a 52-week high of $70.08.

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.