KG&L Capital Management LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Free Report) by 209.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,423 shares of the company’s stock after acquiring an additional 13,143 shares during the quarter. KG&L Capital Management LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $530,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SOXL. TB Alternative Assets Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth approximately $17,641,000. CloudAlpha Capital Management Limited Hong Kong boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 116.3% during the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 383,010 shares of the company’s stock worth $14,049,000 after buying an additional 205,910 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth about $3,781,000. Taika Capital LP acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth about $3,765,000. Finally, Campbell Capital Management Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at about $1,064,000.
Direxion Daily Semiconductors Bull 3x Shares Price Performance
Direxion Daily Semiconductors Bull 3x Shares stock opened at $27.02 on Friday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The company’s 50 day simple moving average is $29.41 and its 200 day simple moving average is $33.69. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $23.50 and a fifty-two week high of $70.08.
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.
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