Parallel Advisors LLC Has $551,000 Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Parallel Advisors LLC reduced its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 30.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,499 shares of the company’s stock after selling 5,008 shares during the period. Parallel Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $551,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $25,000. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares in the last quarter. Western Wealth Management LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at about $33,000. Finally, 1248 Management LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL stock opened at $130.00 on Tuesday. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $23.66 and a fifty-two week high of $302.00. The stock’s 50-day moving average is $189.11 and its two-hundred day moving average is $127.05. The firm has a market cap of $22.02 billion, a P/E ratio of 35.63 and a beta of 5.73.

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.