Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading Up 8.1% – Here’s What Happened

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) were up 8.1% on Thursday . The company traded as high as $268.40 and last traded at $248.20. 35,273,526 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 76,592,781 shares. The stock had previously closed at $229.57.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 14.7%

The company has a fifty day moving average of $189.20 and a two-hundred day moving average of $102.70. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 35.63 and a beta of 5.70.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Simplex Trading LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after buying an additional 354,575 shares during the last quarter. 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 worth $41,562,000 after acquiring an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the third 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. Group One Trading LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after acquiring an additional 319,393 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 valued at $21,734,000 after purchasing an additional 516,575 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.