Triton Wealth Management PLLC Makes New Investment in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Triton Wealth Management PLLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,806 shares of the company’s stock, valued at approximately $1,327,000. Direxion Daily Semiconductors Bull 3x Shares makes up about 0.6% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Vontobel Holding Ltd. bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $195,000. Archford Capital Strategies LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 49.4% during the first quarter. Archford Capital Strategies LLC now owns 20,343 shares of the company’s stock worth $324,000 after buying an additional 6,727 shares in the last quarter. Parallel Advisors LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 194.9% during the second quarter. Parallel Advisors LLC now owns 16,257 shares of the company’s stock worth $408,000 after buying an additional 10,745 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $416,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $750,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA SOXL opened at $36.63 on Wednesday. The stock has a market cap of $11.89 billion, a PE ratio of 35.63 and a beta of 4.08. The business has a fifty day moving average of $30.83 and a two-hundred day moving average of $22.95. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.22 and a 52-week high of $43.37.

Direxion Daily Semiconductors Bull 3x Shares 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.