Elevatus Welath Management Acquires Shares of 379,012 Direxion Daily Semiconductors Bull 3x Shares $SOXL

Elevatus Welath Management acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 379,012 shares of the company’s stock, valued at approximately $9,517,000. Direxion Daily Semiconductors Bull 3x Shares accounts for approximately 3.2% of Elevatus Welath Management’s portfolio, making the stock its 9th biggest holding.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $25,000. Optimum Investment Advisors increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 550.0% in the second quarter. Optimum Investment Advisors now owns 1,300 shares of the company’s stock valued at $33,000 after purchasing an additional 1,100 shares during the period. St. Johns Investment Management Company LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 55.1% in the second quarter. St. Johns Investment Management Company LLC now owns 4,468 shares of the company’s stock valued at $112,000 after buying an additional 1,588 shares during the last quarter. Abound Wealth Management purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $136,000. Finally, Bank of Montreal Can boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 26.7% during the second quarter. Bank of Montreal Can now owns 5,933 shares of the company’s stock worth $149,000 after buying an additional 1,250 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 14.5%

Shares of SOXL stock opened at $41.71 on Friday. The stock’s 50-day moving average price is $41.87 and its 200 day moving average price is $31.67. The stock has a market capitalization of $12.22 billion, a PE ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.22 and a 52-week high of $50.76.

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.