SBI Securities Co. Ltd. Makes New Investment in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 995,254 shares of the company’s stock, valued at approximately $27,180,000. Direxion Daily Semiconductors Bull 3x Shares comprises about 0.8% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 19th biggest holding. SBI Securities Co. Ltd. owned about 0.37% of Direxion Daily Semiconductors Bull 3x Shares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Anchor Investment Management LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.6% during the 3rd quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 585 shares during the last quarter. PayPay Securities Corp raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 21.6% during the fourth quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after buying an additional 403 shares during the last quarter. Covestor Ltd lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 101.4% in the third quarter. Covestor Ltd now owns 1,766 shares of the company’s stock valued at $65,000 after buying an additional 889 shares during the period. Hollencrest Capital Management boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 2,726.7% in the third quarter. Hollencrest Capital Management now owns 2,968 shares of the company’s stock valued at $109,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Creative Planning acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth $216,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 4.5 %

SOXL stock opened at $22.73 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $21.02 and a twelve month high of $70.08. The company has a market cap of $7.01 billion, a P/E ratio of 29.74 and a beta of 3.96. The business’s fifty day moving average is $28.73 and its 200-day moving average is $31.60.

Direxion Daily Semiconductors Bull 3x Shares 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.