Elevatus Welath Management Has $4.11 Million Stock Holdings in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Elevatus Welath Management lowered its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 68.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,041 shares of the company’s stock after selling 260,971 shares during the period. Direxion Daily Semiconductors Bull 3x Shares makes up about 1.2% of Elevatus Welath Management’s holdings, making the stock its 26th biggest position. Elevatus Welath Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $4,113,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $33,000. Quent Capital LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $71,000. Spire Wealth Management increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 52.1% in the 3rd quarter. Spire Wealth Management now owns 2,926 shares of the company’s stock valued at $102,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 26.7% in the 2nd quarter. Bank of Montreal Can now owns 5,933 shares of the company’s stock valued at $149,000 after acquiring an additional 1,250 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.7%

Direxion Daily Semiconductors Bull 3x Shares stock opened at $56.09 on Thursday. The company has a market capitalization of $10.80 billion, a PE ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.22 and a 12-month high of $72.36. The firm’s fifty day moving average is $59.76 and its 200 day moving average is $45.79.

Direxion Daily Semiconductors Bull 3x Shares Company 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.