Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Up 9% – Should You Buy?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) traded up 9% during mid-day trading on Tuesday . The company traded as high as $139.52 and last traded at $139.09. 12,566,874 shares were traded during trading, a decline of 85% from the average session volume of 82,673,563 shares. The stock had previously closed at $127.55.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market capitalization of $19.77 billion, a PE ratio of 35.63 and a beta of 5.55. The business’s 50-day moving average is $69.97 and its 200-day moving average is $56.41.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SOXL. Jump Financial LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after acquiring an additional 775,222 shares during the period. Tower Research Capital LLC TRC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after acquiring an additional 603,324 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after buying an additional 516,575 shares during the last quarter. Simplex Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after buying an additional 354,575 shares during the last quarter. Finally, Group One Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 65.9% in the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock worth $20,182,000 after buying an additional 319,393 shares during the last quarter.

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.