Triton Wealth Management PLLC Purchases New Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Triton Wealth Management PLLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,253 shares of the company’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SOXL. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at $25,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $25,000. Halbert Hargrove Global Advisors LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the last quarter. 1248 Management LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $36,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.1%

SOXL traded down $0.19 during midday trading on Friday, hitting $192.26. 37,274,017 shares of the company traded hands, compared to its average volume of 75,233,836. The company’s 50-day moving average is $207.77 and its 200 day moving average is $113.68. The firm has a market capitalization of $22.78 billion, a PE ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $22.57 and a 52 week high of $302.00.

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.