Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shares rose 10.1% during trading on Wednesday . The company traded as high as $147.70 and last traded at $146.40. Approximately 21,791,177 shares traded hands during trading, a decline of 71% from the average daily volume of 74,770,758 shares. The stock had previously closed at $133.00.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 9.1%
The firm has a 50 day moving average price of $186.44 and a 200 day moving average price of $127.54. The stock has a market capitalization of $24.58 billion, a PE ratio of 35.63 and a beta of 5.73.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
A number of institutional investors and hedge funds have recently bought and sold shares of SOXL. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $25,000. Raymond James Financial Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Western Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $33,000. Finally, 1248 Management LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 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.
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