Elevatus Welath Management Has $4.11 Million Stock Holdings in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Elevatus Welath Management trimmed its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 68.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,041 shares of the company’s stock after selling 260,971 shares during the period. Direxion Daily Semiconductors Bull 3x Shares makes up approximately 1.2% of Elevatus Welath Management’s portfolio, making the stock its 26th biggest position. Elevatus Welath Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $4,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 26.7% in the second quarter. Bank of Montreal Can now owns 5,933 shares of the company’s stock worth $149,000 after acquiring an additional 1,250 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at approximately $735,000. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 46.1% during the second quarter. SBI Securities Co. Ltd. now owns 1,669,259 shares of the company’s stock valued at $41,915,000 after acquiring an additional 526,417 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $252,000. Finally, Meridian Wealth Management LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 164.5% during the second quarter. Meridian Wealth Management LLC now owns 26,601 shares of the company’s stock worth $668,000 after purchasing an additional 16,543 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.7%

Shares of SOXL opened at $56.09 on Thursday. The business’s fifty day moving average is $59.76 and its 200 day moving average is $45.79. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.22 and a 12-month high of $72.36. The stock has a market cap of $10.80 billion, a P/E ratio of 35.63 and a beta of 4.52.

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.