Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc grew its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 31.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,225 shares of the company’s stock after purchasing an additional 3,848 shares during the period. Morse Asset Management Inc’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SOXL. Virtu Financial LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $2,459,000. Westend Capital Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth approximately $68,000. Global Assets Advisory LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $13,683,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at $41,164,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $43,087,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL opened at $33.55 on Monday. The business’s fifty day moving average price is $37.65 and its 200 day moving average price is $44.60. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $14.01 and a 12-month high of $70.08. The stock has a market capitalization of $9.09 billion, a PE ratio of 37.08 and a beta of 5.47.

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.