Anchor Investment Management LLC Grows Stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Anchor Investment Management LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 83.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285 shares of the company’s stock after purchasing an additional 585 shares during the period. Anchor Investment Management LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Direxion Daily Semiconductors Bull 3x Shares Stock Up 7.9 %

SOXL stock opened at $30.70 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $23.50 and a twelve month high of $70.08. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The business’s fifty day simple moving average is $32.03 and its two-hundred day simple moving average is $40.22.

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.