Belvedere Trading LLC Takes Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Belvedere Trading LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the third quarter, HoldingsChannel reports. The firm purchased 15,898 shares of the company’s stock, valued at approximately $583,000.

Several other hedge funds have also added to or reduced their stakes in the business. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at approximately $17,641,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $24,699,000. Virtu Financial LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $7,760,000. International Assets Investment Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth approximately $3,781,000. Finally, Campbell Capital Management Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth approximately $1,064,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 1.4 %

Direxion Daily Semiconductors Bull 3x Shares stock traded up $0.42 during trading hours on Monday, reaching $31.25. 20,096,246 shares of the stock were exchanged, compared to its average volume of 75,097,523. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $17.73 and a twelve month high of $70.08. The company has a market cap of $8.47 billion, a P/E ratio of 37.08 and a beta of 5.47. The stock has a 50 day moving average of $34.59 and a two-hundred day moving average of $42.65.

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.