Clearwater Capital Advisors LLC Takes $791,000 Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Clearwater Capital Advisors LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,513 shares of the company’s stock, valued at approximately $791,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the last quarter. 1248 Management LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth approximately $36,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $160.99 on Thursday. The firm’s fifty day simple moving average is $206.34 and its 200-day simple moving average is $120.47. The stock has a market capitalization of $21.96 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $22.57 and a 12 month high of $302.00.

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.