SG Americas Securities LLC Invests $626,000 in Direxion Daily Semiconductors Bull 3x Shares $SOXL

SG Americas Securities LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the third quarter, HoldingsChannel reports. The firm purchased 17,974 shares of the company’s stock, valued at approximately $626,000.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 772.9% in the second quarter. Farther Finance Advisors LLC now owns 12,220 shares of the company’s stock worth $307,000 after buying an additional 10,820 shares during the last quarter. Surience Private Wealth LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at approximately $1,311,000. NRI Wealth Management LC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth approximately $981,000. Prime Capital Investment Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 49.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 20,686 shares of the company’s stock worth $519,000 after acquiring an additional 6,810 shares during the last quarter. Finally, Triton Wealth Management PLLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at approximately $1,327,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 0.4%

Shares of SOXL opened at $63.72 on Friday. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The business’s fifty day simple moving average is $45.72 and its two-hundred day simple moving average is $37.25. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.22 and a 12 month high of $66.96.

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.