Avaii Wealth Management LLC Purchases Shares of 14,327 Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Avaii Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,327 shares of the company’s stock, valued at approximately $525,000.

Several other large investors have also recently bought and sold shares of the stock. IMC Chicago LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $24,699,000. Global Assets Advisory LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $13,683,000. Westwood Wealth Management raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 4.0% in the 2nd quarter. Westwood Wealth Management now owns 226,970 shares of the company’s stock valued at $12,565,000 after acquiring an additional 8,655 shares during the period. Virtu Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $7,760,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 60.7% during the first quarter. Commonwealth Equity Services LLC now owns 47,030 shares of the company’s stock worth $2,188,000 after purchasing an additional 17,757 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 5.9 %

Shares of SOXL traded up $2.04 during mid-day trading on Thursday, hitting $36.50. 55,765,855 shares of the company’s stock were exchanged, compared to its average volume of 75,189,414. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $14.01 and a 52 week high of $70.08. The stock’s 50-day simple moving average is $35.26 and its 200-day simple moving average is $43.41. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47.

About Direxion Daily Semiconductors Bull 3x Shares

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.