CloudAlpha Capital Management Limited Hong Kong Buys New Stake in Direxion Daily Semiconductors Bull 3x Shares $SOXL

CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 903,100 shares of the company’s stock, valued at approximately $22,677,000. Direxion Daily Semiconductors Bull 3x Shares makes up approximately 1.2% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 15th largest position. CloudAlpha Capital Management Limited Hong Kong owned 0.17% of Direxion Daily Semiconductors Bull 3x Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $195,000. Stratos Wealth Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 58.8% during the 1st quarter. Stratos Wealth Advisors LLC now owns 22,214 shares of the company’s stock valued at $354,000 after buying an additional 8,228 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 134.8% during the 1st quarter. Edgestream Partners L.P. now owns 30,972 shares of the company’s stock valued at $494,000 after buying an additional 17,781 shares in the last quarter. Signaturefd LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 50.0% during the 1st quarter. Signaturefd LLC now owns 4,500 shares of the company’s stock valued at $72,000 after buying an additional 1,500 shares in the last quarter. Finally, Bogart Wealth LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $72,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 11.9%

SOXL opened at $42.80 on Wednesday. The stock’s fifty day moving average is $35.93 and its two-hundred day moving average is $26.57. The company has a market capitalization of $12.63 billion, a P/E ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $7.22 and a 52 week high of $50.76.

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.