Westwood Wealth Management Acquires 8,655 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Westwood Wealth Management grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 4.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 226,970 shares of the company’s stock after acquiring an additional 8,655 shares during the quarter. Direxion Daily Semiconductors Bull 3x Shares comprises approximately 4.7% of Westwood Wealth Management’s holdings, making the stock its 5th largest position. Westwood Wealth Management owned approximately 0.08% of Direxion Daily Semiconductors Bull 3x Shares worth $12,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hazlett Burt & Watson Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $42,000. Westend Capital Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at $68,000. Covestor Ltd raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock worth $82,000 after buying an additional 875 shares in the last quarter. VitalStone Financial LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% in the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after buying an additional 1,779 shares in the last quarter. Finally, Hollencrest Capital Management lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 82,200.0% in the first quarter. Hollencrest Capital Management now owns 4,115 shares of the company’s stock valued at $191,000 after buying an additional 4,110 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 1.1 %

NYSEARCA:SOXL opened at $33.92 on Tuesday. The business’s 50-day moving average price is $37.05 and its 200 day moving average price is $44.45. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $14.01 and a 52-week high of $70.08. The firm has a market cap of $9.19 billion, a P/E 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.