Covestor Ltd Has $65,000 Stock Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Covestor Ltd lifted its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 101.4% during the third quarter, HoldingsChannel.com reports. The fund owned 1,766 shares of the company’s stock after purchasing an additional 889 shares during the period. Covestor Ltd’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $65,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. TB Alternative Assets Ltd. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $17,641,000. IMC Chicago LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $24,699,000. Westwood Wealth Management raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 4.0% during the 2nd quarter. Westwood Wealth Management now owns 226,970 shares of the company’s stock worth $12,565,000 after buying an additional 8,655 shares during the period. Virtu Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $7,760,000. Finally, International Assets Investment Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $3,781,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.3 %

Shares of SOXL opened at $29.60 on Friday. The stock has a market capitalization of $8.02 billion, a P/E ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $21.29 and a twelve month high of $70.08. The company has a 50 day moving average of $34.09 and a 200-day moving average of $42.48.

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.