Alchemi Wealth LLC Makes New $796,000 Investment in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Alchemi Wealth LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,949 shares of the company’s stock, valued at approximately $796,000.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after buying an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after acquiring an additional 603,324 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares during the period. Simplex Trading LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after buying an additional 354,575 shares during the last quarter. Finally, Group One Trading LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after buying an additional 319,393 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 4.8%

SOXL stock opened at $234.68 on Friday. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 35.63 and a beta of 5.70. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $19.84 and a twelve month high of $284.58. The firm’s fifty day simple moving average is $152.47 and its two-hundred day simple moving average is $87.98.

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.