Avestar Capital LLC Has $6.65 Million Stock Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Avestar Capital LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 232.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 264,996 shares of the company’s stock after buying an additional 185,383 shares during the quarter. Avestar Capital LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $6,654,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SOXL. SBI Securities Co. Ltd. boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 46.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,669,259 shares of the company’s stock worth $41,915,000 after purchasing an additional 526,417 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at $22,677,000. Westwood Wealth Management lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 31.5% in the second quarter. Westwood Wealth Management now owns 304,070 shares of the company’s stock valued at $7,635,000 after purchasing an additional 72,825 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.8% in the second quarter. Howard Capital Management Inc. now owns 197,439 shares of the company’s stock valued at $4,964,000 after purchasing an additional 98,139 shares in the last quarter. Finally, Surience Private Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $1,311,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 3.0%

Shares of SOXL stock opened at $46.50 on Friday. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $7.22 and a 1-year high of $50.76. The stock’s fifty day simple moving average is $40.81 and its 200-day simple moving average is $30.61.

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.