StoneCrest Wealth Management Inc. Sells 5,196 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

StoneCrest Wealth Management Inc. trimmed its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 55.6% in the 2nd quarter, Holdings Channel reports. The fund owned 4,157 shares of the company’s stock after selling 5,196 shares during the quarter. StoneCrest Wealth Management Inc.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $25,000. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC raised 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. Western Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at about $33,000. Finally, 1248 Management LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in 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 period.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA:SOXL opened at $140.25 on Monday. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $23.66 and a 1-year high of $302.00. The firm has a market capitalization of $23.76 billion, a PE ratio of 35.63 and a beta of 5.73. The business’s 50 day moving average is $191.05 and its 200-day moving average is $126.54.

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.