HighTower Advisors LLC Boosts Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

HighTower Advisors LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 49.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,598 shares of the company’s stock after buying an additional 4,480 shares during the quarter. HighTower Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $371,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $27,180,000. TB Alternative Assets Ltd. grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after acquiring an additional 141,941 shares during the period. Taika Capital LP purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at approximately $3,765,000. Variant Private Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $2,030,000. Finally, Avestar Capital LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $1,178,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

SOXL opened at $15.95 on Tuesday. The company’s 50 day simple moving average is $24.36 and its two-hundred day simple moving average is $29.19. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.25 and a beta of 4.09. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $14.40 and a 1-year high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.0648 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

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.