Parallel Advisors LLC Has $551,000 Stock Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Parallel Advisors LLC lowered its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,499 shares of the company’s stock after selling 5,008 shares during the quarter. Parallel Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SOXL. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $25,000. Pin Oak Investment Advisors Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $25,000. Halbert Hargrove Global Advisors LLC raised its holdings in 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 valued at $27,000 after buying an additional 138 shares in the last quarter. Western Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at about $33,000. Finally, 1248 Management LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of SOXL stock opened at $130.00 on Tuesday. The stock’s 50 day simple moving average is $189.11 and its 200 day simple moving average is $127.05. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $23.66 and a twelve month high of $302.00. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.

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.