Avestar Capital LLC Buys New Stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Avestar Capital LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,178 shares of the company’s stock, valued at approximately $1,178,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.6% during the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 585 shares during the period. Covestor Ltd increased its holdings in shares of 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 in the last quarter. Signaturefd LLC lifted its stake in shares of 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 valued at $73,000 after purchasing an additional 300 shares during the period. Bogart Wealth LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at $106,000. Finally, Hollencrest Capital Management boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 2,726.7% during the third quarter. Hollencrest Capital Management now owns 2,968 shares of the company’s stock worth $109,000 after buying an additional 2,863 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

SOXL stock opened at $27.54 on Thursday. The firm’s fifty day moving average is $29.16 and its 200 day moving average is $32.12. The firm has a market cap of $7.46 billion, a PE ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $23.50 and a one year high of $70.08.

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.