Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price traded down 8.6% during trading on Wednesday . The stock traded as low as $116.84 and last traded at $118.02. 35,962,215 shares were traded during trading, a decline of 52% from the average session volume of 74,323,281 shares. The stock had previously closed at $129.10.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 5.7%
The firm has a market cap of $20.62 billion, a P/E ratio of 35.63 and a beta of 5.73. The business’s 50 day moving average is $177.93 and its 200-day moving average is $130.30.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
A number of hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $258,000. NewEdge Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $270,000. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $326,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at about $25,000. Finally, Bank of America Corp DE increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 75.2% during the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock valued at $4,375,000 after buying an additional 74,815 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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