Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s stock price dropped 11.5% during trading on Friday . The company traded as low as $161.36 and last traded at $164.81. Approximately 19,090,924 shares traded hands during trading, a decline of 76% from the average daily volume of 80,819,148 shares. The stock had previously closed at $186.19.
Direxion Daily Semiconductors Bull 3x Shares Price Performance
The business has a 50 day simple moving average of $87.06 and a 200 day simple moving average of $63.77. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 120.6% during the first quarter. Lido Advisors LLC now owns 13,079 shares of the company’s stock worth $627,000 after purchasing an additional 7,150 shares in the last quarter. Clearwater Capital Advisors LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $791,000. SteelPeak Wealth LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after acquiring an additional 266 shares during the period. IMC Chicago LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after acquiring an additional 324,775 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $340,000.
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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