May Hill Capital LLC Makes New Investment in Direxion Daily Semiconductors Bull 3x Shares $SOXL

May Hill Capital LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,627 shares of the company’s stock, valued at approximately $279,000.

Other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth approximately $36,000. Addison Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $33,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at approximately $25,000. Dakota Community Bank & Trust NA bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $113,000. Finally, Allworth Financial LP boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 827.8% during the fourth quarter. Allworth Financial LP now owns 2,802 shares of the company’s stock valued at $118,000 after purchasing an additional 2,500 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 7.6%

NYSEARCA SOXL opened at $151.75 on Tuesday. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $15.10 and a twelve month high of $191.29. The firm has a market capitalization of $20.56 billion, a PE ratio of 35.63 and a beta of 5.55. The stock’s 50 day moving average is $91.15 and its 200 day moving average is $65.33.

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.