59,805 Shares in Direxion Daily Semiconductors Bull 3x Shares $SOXL Purchased by Avestar Capital LLC

Avestar Capital LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,805 shares of the company’s stock, valued at approximately $2,514,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SOXL. Jump Financial LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after purchasing an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after acquiring an additional 603,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after acquiring an additional 516,575 shares during the last quarter. Group One Trading LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 65.9% in the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after acquiring an additional 319,393 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at about $10,829,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 5.3%

SOXL opened at $280.54 on Thursday. The stock has a market cap of $38.01 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $18.22 and a twelve month high of $284.58. The company’s 50-day moving average price is $129.48 and its two-hundred day moving average price is $79.52.

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.