Ground Swell Capital LLC Purchases Shares of 11,236 Direxion Daily Semiconductors Bull 3x Shares $SOXL

Ground Swell Capital LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,236 shares of the company’s stock, valued at approximately $472,000. Direxion Daily Semiconductors Bull 3x Shares makes up approximately 1.0% of Ground Swell Capital LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in SOXL. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth about $25,000. Addison Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $33,000. ORG Wealth Partners LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $36,000. Quent Capital LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at approximately $71,000. Finally, Spire Wealth Management grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 52.1% during the 3rd quarter. Spire Wealth Management now owns 2,926 shares of the company’s stock valued at $102,000 after buying an additional 1,002 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL opened at $172.52 on Wednesday. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. Direxion Daily Semiconductors Bull 3x Shares has a 1 year low of $15.10 and a 1 year high of $191.29. The business’s 50 day simple moving average is $81.98 and its 200-day simple moving average is $61.75.

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.