Triton Wealth Management PLLC Invests $731,000 in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Triton Wealth Management PLLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the first quarter, HoldingsChannel.com reports. The fund acquired 15,253 shares of the company’s stock, valued at approximately $731,000.

Several other large investors also recently added to or reduced their stakes in SOXL. Halbert Hargrove Global Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the last quarter. Verus Capital Partners LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% during the 4th quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after acquiring an additional 200 shares during the last quarter. 1248 Management LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock worth $748,000 after purchasing an additional 413 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1.5% in the 2nd quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock worth $794,000 after purchasing an additional 457 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.1%

NYSEARCA:SOXL traded down $0.19 during mid-day trading on Friday, hitting $192.26. 37,274,017 shares of the company traded hands, compared to its average volume of 75,233,836. The stock’s fifty day moving average price is $207.77 and its 200-day moving average price is $113.68. 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 $22.78 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66.

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.