LM Advisors LLC Raises Stock Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

LM Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 667.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,200 shares of the company’s stock after acquiring an additional 65,400 shares during the quarter. LM Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $2,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Simplex Trading LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after purchasing an additional 235,607 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at $27,180,000. TB Alternative Assets Ltd. lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after buying an additional 141,941 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 106,628 shares of the company’s stock worth $3,911,000 after acquiring an additional 25,079 shares during the period. Finally, Taika Capital LP purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth about $3,765,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $18.79 on Thursday. The stock has a market capitalization of $7.61 billion, a P/E ratio of 29.25 and a beta of 4.09. The stock’s 50-day simple moving average is $25.26 and its 200 day simple moving average is $29.48. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $16.51 and a 52-week high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.0648 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

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.