Merit Financial Group LLC Cuts Position in Direxion Daily Semiconductors Bull 3x Shares $SOXL

Merit Financial Group LLC lessened its holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,333 shares of the company’s stock after selling 20,800 shares during the period. Merit Financial Group LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $3,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $36,000. Addison Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at about $33,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $25,000. Quent Capital LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at about $71,000. Finally, Dakota Community Bank & Trust NA purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $113,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $94.68 on Monday. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $8.15 and a twelve month high of $94.75. The business has a 50-day moving average price of $61.26 and a 200 day moving average price of $51.72. The firm has a market cap of $14.91 billion, a PE ratio of 35.63 and a beta of 4.55.

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.