CloudAlpha Capital Management Limited Hong Kong Has $14.05 Million Stock Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

CloudAlpha Capital Management Limited Hong Kong grew its position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 116.3% in the third quarter, Holdings Channel.com reports. The fund owned 383,010 shares of the company’s stock after buying an additional 205,910 shares during the period. Direxion Daily Semiconductors Bull 3x Shares makes up 0.8% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 16th largest holding. CloudAlpha Capital Management Limited Hong Kong’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $14,049,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 17.6% in the third quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $73,000 after acquiring an additional 300 shares during the period. Covestor Ltd grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after purchasing an additional 875 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 14.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,244 shares of the company’s stock worth $302,000 after buying an additional 1,018 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 16.7% during the 3rd quarter. Strategic Blueprint LLC now owns 7,329 shares of the company’s stock worth $269,000 after buying an additional 1,050 shares during the period. Finally, Verus Capital Partners LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 35.9% in the 3rd quarter. Verus Capital Partners LLC now owns 9,633 shares of the company’s stock valued at $353,000 after buying an additional 2,545 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA:SOXL opened at $29.63 on Thursday. The business’s fifty day moving average price is $34.10 and its two-hundred day moving average price is $42.57. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $21.29 and a fifty-two week high of $70.08. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47.

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.