International Assets Investment Management LLC Invests $3 Million in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

International Assets Investment Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 94,268 shares of the company’s stock, valued at approximately $3,002,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the fourth quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock worth $29,000 after purchasing an additional 690 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $31,000. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $53,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $26,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth $64,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA SOXL opened at $34.85 on Friday. The firm has a fifty day moving average price of $43.31 and a 200-day moving average price of $31.43. Direxion Daily Semiconductors Bull 3x Shares has a 1 year low of $12.52 and a 1 year high of $56.99. The stock has a market cap of $8.37 billion, a PE ratio of 42.92 and a beta of 5.29.

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.