Hoey Investments Inc. Cuts Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Hoey Investments Inc. decreased its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 12.3% in the first quarter, Holdings Channel.com reports. The firm owned 25,418 shares of the company’s stock after selling 3,560 shares during the period. Hoey Investments Inc.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Simplex Trading LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after purchasing an additional 235,607 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $27,180,000. BNP Paribas Financial Markets boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% in the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after purchasing an additional 299,744 shares in the last quarter. IMC Chicago LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 83.3% in the 1st quarter. IMC Chicago LLC now owns 146,526 shares of the company’s stock valued at $2,337,000 after purchasing an additional 66,606 shares in the last quarter. Finally, LM Advisors LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the 4th quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock valued at $2,054,000 after purchasing an additional 65,400 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $20.04 on Friday. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 35.63 and a beta of 4.28. The company has a fifty day moving average of $14.83 and a 200-day moving average of $21.89. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.23 and a 52-week high of $70.08.

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.