Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price rose 7% during mid-day trading on Wednesday . The company traded as high as $37.30 and last traded at $36.7630. Approximately 29,642,452 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 124,215,570 shares. The stock had previously closed at $34.35.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The business’s 50 day moving average price is $39.03 and its 200-day moving average price is $28.73. The firm has a market capitalization of $9.30 billion, a PE ratio of 35.63 and a beta of 4.52.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SOXL. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $25,000. Optimum Investment Advisors increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 550.0% during the second quarter. Optimum Investment Advisors now owns 1,300 shares of the company’s stock worth $33,000 after purchasing an additional 1,100 shares during the period. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $33,000. Quent Capital LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $71,000. Finally, Spire Wealth Management boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 52.1% in the third quarter. Spire Wealth Management now owns 2,926 shares of the company’s stock valued at $102,000 after purchasing an additional 1,002 shares during the period.
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.
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