Clearwater Capital Advisors LLC Invests $791,000 in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Clearwater Capital Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,513 shares of the company’s stock, valued at approximately $791,000.

Several other institutional investors have also recently added to or reduced their stakes in SOXL. Pin Oak Investment Advisors Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $25,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. 1248 Management LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at approximately $36,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 1.5%

NYSEARCA:SOXL opened at $160.99 on Thursday. The firm has a market cap of $21.96 billion, a P/E ratio of 35.63 and a beta of 5.66. The stock’s 50 day simple moving average is $206.34 and its 200-day simple moving average is $120.47. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $22.57 and a 12-month high of $302.00.

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.