CIBC Private Wealth Group LLC Increases Stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

CIBC Private Wealth Group LLC boosted its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 11.6% during the fourth quarter, HoldingsChannel reports. The fund owned 48,111 shares of the company’s stock after buying an additional 5,000 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $1,452,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Simplex Trading LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the fourth quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after purchasing an additional 235,607 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at approximately $27,180,000. TB Alternative Assets Ltd. raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after acquiring an additional 141,941 shares during the period. Taika Capital LP purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $3,765,000. Finally, LM Advisors LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the fourth quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock worth $2,054,000 after acquiring an additional 65,400 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA SOXL opened at $11.41 on Friday. The stock has a fifty day moving average of $23.16 and a 200-day moving average of $28.86. The stock has a market cap of $5.05 billion, a PE ratio of 22.62 and a beta of 4.11. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $11.33 and a fifty-two week high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0648 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

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.