140,174 Shares in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 140,174 shares of the company’s stock, valued at approximately $7,760,000. Direxion Daily Semiconductors Bull 3x Shares makes up approximately 0.5% of Virtu Financial LLC’s investment portfolio, making the stock its 19th biggest holding. Virtu Financial LLC owned about 0.05% of Direxion Daily Semiconductors Bull 3x Shares as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $42,000. Westend Capital Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $68,000. Covestor Ltd increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% during the first quarter. Covestor Ltd now owns 1,760 shares of the company’s stock worth $82,000 after purchasing an additional 875 shares in the last quarter. VitalStone Financial LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the first quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $219,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 3.9 %

NYSEARCA:SOXL opened at $32.14 on Tuesday. The company has a market capitalization of $8.71 billion, a PE ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $14.01 and a 52-week high of $70.08. The stock’s 50 day moving average price is $40.19 and its 200 day moving average price is $45.05.

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.