HighTower Advisors LLC Buys 3,263 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

HighTower Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 55.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,118 shares of the company’s stock after purchasing an additional 3,263 shares during the period. HighTower Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SOXL. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at about $17,641,000. CloudAlpha Capital Management Limited Hong Kong grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 116.3% during the 3rd quarter. CloudAlpha Capital Management Limited Hong Kong now owns 383,010 shares of the company’s stock worth $14,049,000 after acquiring an additional 205,910 shares during the period. Westwood Wealth Management lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 4.0% in the second quarter. Westwood Wealth Management now owns 226,970 shares of the company’s stock valued at $12,565,000 after buying an additional 8,655 shares during the period. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $7,760,000. Finally, Flow Traders U.S. LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 30.8% during the third quarter. Flow Traders U.S. LLC now owns 106,628 shares of the company’s stock worth $3,911,000 after acquiring an additional 25,079 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 8.4 %

Shares of NYSEARCA:SOXL opened at $29.59 on Tuesday. The company’s fifty day simple moving average is $30.93 and its 200 day simple moving average is $39.15. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $23.50 and a 12 month high of $70.08. The firm has a market cap of $8.02 billion, a price-to-earnings 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.