Stratos Wealth Advisors LLC Sells 10,018 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Stratos Wealth Advisors LLC trimmed its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,714 shares of the company’s stock after selling 10,018 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $33,000. ORG Wealth Partners LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth approximately $36,000. Quent Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth approximately $71,000. Finally, Spire Wealth Management lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 52.1% in the third quarter. Spire Wealth Management now owns 2,926 shares of the company’s stock valued at $102,000 after buying an additional 1,002 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of SOXL stock opened at $52.75 on Monday. The firm’s 50 day moving average price is $58.47 and its two-hundred day moving average price is $48.77. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $7.22 and a 52-week high of $72.36. The stock has a market cap of $13.41 billion, a PE ratio of 35.63 and a beta of 4.52.

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.