Commonwealth Equity Services LLC Has $2.19 Million Stock Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Commonwealth Equity Services LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 60.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,030 shares of the company’s stock after acquiring an additional 17,757 shares during the period. Commonwealth Equity Services LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $2,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $43,087,000. Simplex Trading LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $41,164,000. Global Assets Advisory LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $13,683,000. EP Wealth Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $2,898,000. Finally, International Assets Investment Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $3,002,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA:SOXL traded up $0.99 on Friday, hitting $61.38. The stock had a trading volume of 26,903,289 shares, compared to its average volume of 63,893,105. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $14.01 and a twelve month high of $66.19. The firm’s 50 day moving average price is $50.32 and its 200-day moving average price is $42.21. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47.

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.