Elevatus Welath Management Has $4.32 Million Stock Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Elevatus Welath Management trimmed its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,805 shares of the company’s stock after selling 15,236 shares during the quarter. Direxion Daily Semiconductors Bull 3x Shares accounts for 1.2% of Elevatus Welath Management’s holdings, making the stock its 25th biggest holding. Elevatus Welath Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $4,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $200,000. Cantor Fitzgerald L. P. raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 19.0% during the third quarter. Cantor Fitzgerald L. P. now owns 15,601 shares of the company’s stock worth $544,000 after acquiring an additional 2,489 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth about $1,490,000. Scientech Research LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at approximately $446,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at approximately $2,618,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA:SOXL opened at $46.61 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.22 and a 52-week high of $72.36. The company has a market capitalization of $8.97 billion, a PE ratio of 35.63 and a beta of 4.52. The company has a fifty day moving average of $59.70 and a 200-day moving average of $47.81.

Direxion Daily Semiconductors Bull 3x Shares Company 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.