May Hill Capital LLC Makes New $279,000 Investment in Direxion Daily Semiconductors Bull 3x Shares $SOXL

May Hill Capital LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,627 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SOXL. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $25,000. Addison Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at about $33,000. ORG Wealth Partners LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $36,000. Dakota Community Bank & Trust NA purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $113,000. Finally, Allworth Financial LP raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 827.8% in the 4th quarter. Allworth Financial LP now owns 2,802 shares of the company’s stock valued at $118,000 after acquiring an additional 2,500 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 7.6%

NYSEARCA:SOXL opened at $151.75 on Tuesday. The business’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $65.33. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $15.10 and a twelve month high of $191.29. The stock has a market cap of $20.56 billion, a P/E ratio of 35.63 and a beta of 5.55.

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.