Howard Capital Management Inc. Buys 98,139 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Howard Capital Management Inc. increased its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 98.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 197,439 shares of the company’s stock after purchasing an additional 98,139 shares during the quarter. Howard Capital Management Inc.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $4,964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth approximately $195,000. Summit Trail Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $483,000. Capital Investment Counsel Inc bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth $100,000. REDW Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth $319,000. Finally, Stratos Wealth Advisors LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 58.8% in the 1st quarter. Stratos Wealth Advisors LLC now owns 22,214 shares of the company’s stock valued at $354,000 after purchasing an additional 8,228 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 8.6%

Shares of SOXL stock opened at $46.84 on Tuesday. The firm has a fifty day simple moving average of $33.47 and a two-hundred day simple moving average of $24.89. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.22 and a 12 month high of $47.16. The firm has a market capitalization of $15.04 billion, a PE ratio of 35.63 and a beta of 4.52.

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.