Intrepid Financial Planning Group LLC Sells 970 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Intrepid Financial Planning Group LLC trimmed its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 7.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,503 shares of the company’s stock after selling 970 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SOXL. Covestor Ltd grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the first quarter. Covestor Ltd now owns 1,760 shares of the company’s stock worth $82,000 after purchasing an additional 875 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at about $42,000. Westend Capital Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $68,000. VitalStone Financial LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% in the first quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at approximately $219,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

SOXL opened at $31.15 on Thursday. The stock’s 50 day moving average price is $38.80 and its 200-day moving average price is $44.84. The stock has a market capitalization of $8.44 billion, a PE ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $14.01 and a 52-week high of $70.08.

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.