Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Sold by Westwood Wealth Management

Westwood Wealth Management decreased its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 228,445 shares of the company’s stock after selling 28,275 shares during the period. Direxion Daily Semiconductors Bull 3x Shares makes up about 2.3% of Westwood Wealth Management’s investment portfolio, making the stock its 10th largest position. Westwood Wealth Management owned 0.08% of Direxion Daily Semiconductors Bull 3x Shares worth $6,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $29,000. Lindbrook Capital LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 70.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock worth $40,000 after acquiring an additional 600 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.6% in the 3rd 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. PayPay Securities Corp grew its position in Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the fourth quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock valued at $62,000 after acquiring an additional 403 shares in the last quarter. Finally, Signaturefd LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 50.0% in the fourth quarter. Signaturefd LLC now owns 3,000 shares of the company’s stock valued at $82,000 after acquiring an additional 1,000 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 23.5 %

Shares of SOXL stock opened at $8.73 on Friday. The firm has a fifty day simple moving average of $22.68 and a 200-day simple moving average of $28.67. The company has a market capitalization of $3.86 billion, a PE ratio of 22.62 and a beta of 4.11. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $8.18 and a twelve month high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0648 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

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.