M Holdings Securities Inc. Sells 6,097 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

M Holdings Securities Inc. reduced its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 11.8% during the second quarter, HoldingsChannel reports. The firm owned 45,553 shares of the company’s stock after selling 6,097 shares during the period. Direxion Daily Semiconductors Bull 3x Shares comprises about 1.6% of M Holdings Securities Inc.’s portfolio, making the stock its 12th biggest holding. M Holdings Securities Inc.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $12,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Key Client Fiduciary Advisors LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $474,000. Client First Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $4,007,000. Vigilare Wealth Management purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $498,000. Optiver Holding B.V. increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 831.0% during the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares during the last quarter. Finally, Serenity Investment Advisors purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $116,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

NYSEARCA:SOXL opened at $111.34 on Monday. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73. The business has a 50 day moving average of $158.14 and a 200 day moving average of $133.47. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $23.80 and a 1-year high of $302.00.

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.