Meridian Wealth Management LLC Sells 686 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Meridian Wealth Management LLC lessened its position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,434 shares of the company’s stock after selling 686 shares during the period. Meridian Wealth Management LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SOXL. Anchor Investment Management LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.6% in the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 585 shares during the period. Covestor Ltd grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 101.4% in the third quarter. Covestor Ltd now owns 1,766 shares of the company’s stock worth $65,000 after purchasing an additional 889 shares during the period. PayPay Securities Corp grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the fourth quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after purchasing an additional 403 shares during the period. Hollencrest Capital Management grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 2,726.7% in the third quarter. Hollencrest Capital Management now owns 2,968 shares of the company’s stock worth $109,000 after purchasing an additional 2,863 shares during the period. Finally, Creative Planning acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth $216,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 6.3 %

NYSEARCA:SOXL opened at $21.95 on Thursday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 29.74 and a beta of 3.96. The firm has a fifty day simple moving average of $28.18 and a two-hundred day simple moving average of $31.24. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $19.00 and a 12 month high of $70.08.

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.