Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) saw unusually-high trading volume on Wednesday. Approximately 80,993,249 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 74,970,789 shares. The stock last traded at $72.7580 and had previously closed at $73.12.

Direxion Daily Semiconductors Bull 3X ETF Trading Up 12.4%

The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 35.63 and a beta of 5.93. The company has a 50 day moving average of $116.76 and a 200 day moving average of $123.61.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Several large investors have recently modified their holdings of SOXL. Simplex Trading LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF during the third quarter worth about $29,328,000. IMC Chicago LLC boosted its position in Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after purchasing an additional 324,775 shares during the last quarter. Optiver Holding B.V. grew its stake in Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares in the last quarter. M Holdings Securities Inc. grew its stake in Direxion Daily Semiconductors Bull 3X ETF by 4.5% in the third quarter. M Holdings Securities Inc. now owns 47,601 shares of the company’s stock valued at $7,038,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Client First Investment Management LLC grew its stake in Direxion Daily Semiconductors Bull 3X ETF by 117.3% in the third quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock valued at $4,827,000 after purchasing an additional 17,621 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3X ETF

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.