Client First Investment Management LLC Purchases New Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Client First Investment Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,022 shares of the company’s stock, valued at approximately $4,007,000. Direxion Daily Semiconductors Bull 3x Shares comprises approximately 1.7% of Client First Investment Management LLC’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of 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 valued at $27,000 after acquiring an additional 138 shares during the last quarter. Verus Capital Partners LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after purchasing an additional 200 shares during the last quarter. 1248 Management LLC raised its stake in 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 purchasing an additional 200 shares in the last quarter. SteelPeak Wealth LLC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after purchasing an additional 266 shares in the last quarter. Finally, Kaizen Financial Strategies raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 4.6% during the first quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock valued at $381,000 after purchasing an additional 350 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 6.0%

SOXL stock opened at $140.25 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $23.66 and a 52 week high of $302.00. The firm has a market capitalization of $23.76 billion, a P/E ratio of 35.63 and a beta of 5.73. The company has a fifty day simple moving average of $191.05 and a two-hundred day simple moving average of $126.08.

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.