Hoey Investments Inc. Sells 9,022 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Hoey Investments Inc. lowered its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,978 shares of the company’s stock after selling 9,022 shares during the period. Hoey Investments Inc.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $791,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,025 shares of the company’s stock worth $219,000 after buying an additional 2,313 shares in the last quarter. Barclays PLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 57.2% in the 3rd quarter. Barclays PLC now owns 24,421 shares of the company’s stock valued at $896,000 after purchasing an additional 8,890 shares in the last quarter. HighTower Advisors LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 55.7% during the 3rd quarter. HighTower Advisors LLC now owns 9,118 shares of the company’s stock worth $335,000 after purchasing an additional 3,263 shares in the last quarter. Taika Capital LP bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $3,765,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $29,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of SOXL opened at $16.03 on Monday. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $15.04 and a 52 week high of $70.08. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 29.25 and a beta of 4.09. The stock has a fifty day moving average of $24.69 and a 200-day moving average of $29.30.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.0648 dividend. The ex-dividend date is Tuesday, March 25th. This is a boost 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.