Clay Northam Wealth Management LLC Purchases New Stake in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Clay Northam Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,415 shares of the company’s stock, valued at approximately $1,178,000.

Several other institutional investors have also recently bought and sold shares of SOXL. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at about $258,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $270,000. HUB Investment Partners LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $326,000. Raymond James Financial Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $25,000. Finally, Bank of America Corp DE lifted its position in 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 valued at $4,375,000 after acquiring an additional 74,815 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

SOXL stock opened at $117.28 on Friday. The company has a market capitalization of $19.87 billion, a P/E ratio of 35.63 and a beta of 5.73. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $25.60 and a 52-week high of $302.00. The business has a 50-day simple moving average of $144.53 and a two-hundred day simple moving average of $134.57.

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.