Avestar Capital LLC Takes $1.18 Million Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Avestar Capital LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 42,178 shares of the company’s stock, valued at approximately $1,178,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $216,000. Avaii Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth about $525,000. Stratos Wealth Advisors LLC boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 26.4% during the third quarter. Stratos Wealth Advisors LLC now owns 13,895 shares of the company’s stock worth $510,000 after acquiring an additional 2,902 shares during the last quarter. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at about $17,641,000. Finally, Signaturefd LLC raised its holdings in 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 last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

NYSEARCA:SOXL opened at $27.54 on Thursday. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $23.50 and a one year high of $70.08. The stock has a market cap of $7.46 billion, a PE ratio of 37.08 and a beta of 5.47. The stock has a 50 day moving average price of $29.16 and a 200 day moving average price of $32.12.

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.