Activest Wealth Management Reduces Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Activest Wealth Management lessened its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 78.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,709 shares of the company’s stock after selling 6,105 shares during the period. Activest Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $47,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $17,641,000. CloudAlpha Capital Management Limited Hong Kong increased its position in Direxion Daily Semiconductors Bull 3x Shares by 116.3% during the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 383,010 shares of the company’s stock worth $14,049,000 after buying an additional 205,910 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth $3,781,000. Taika Capital LP purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $3,765,000. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at $1,064,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 4.9 %

Direxion Daily Semiconductors Bull 3x Shares stock opened at $26.33 on Monday. The stock has a 50-day moving average price of $29.27 and a 200 day moving average price of $32.38. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $23.50 and a 52 week high of $70.08. The stock has a market cap of $7.13 billion, a PE ratio of 37.08 and a beta of 5.47.

Direxion Daily Semiconductors Bull 3x Shares 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.