Verus Capital Partners LLC Acquires 2,545 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Verus Capital Partners LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 35.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,633 shares of the company’s stock after acquiring an additional 2,545 shares during the quarter. Verus Capital Partners LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SOXL. Covestor Ltd increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 101.4% in the third quarter. Covestor Ltd now owns 1,766 shares of the company’s stock worth $65,000 after purchasing an additional 889 shares during the last quarter. Signaturefd LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 17.6% in the 3rd quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock worth $73,000 after buying an additional 300 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth $106,000. Hollencrest Capital Management increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 2,726.7% in the 3rd quarter. Hollencrest Capital Management now owns 2,968 shares of the company’s stock worth $109,000 after buying an additional 2,863 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at $208,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA:SOXL opened at $31.67 on Wednesday. The firm has a market capitalization of $8.58 billion, a PE ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $19.58 and a 52-week high of $70.08. The firm has a fifty day moving average of $34.07 and a 200 day moving average of $42.62.

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.