Lido Advisors LLC Has $627,000 Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Lido Advisors LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 120.6% in the first quarter, Holdings Channel reports. The fund owned 13,079 shares of the company’s stock after acquiring an additional 7,150 shares during the period. Lido Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $258,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $270,000. HUB Investment Partners LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $326,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Finally, Bank of America Corp DE boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after acquiring an additional 74,815 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

NYSEARCA SOXL opened at $91.99 on Thursday. The stock’s 50 day simple moving average is $202.28 and its 200 day simple moving average is $123.09. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $22.57 and a one year high of $302.00. The firm has a market cap of $13.49 billion, a PE ratio of 35.63 and a beta of 5.66.

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.