Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $190.56, but opened at $211.38. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $218.18, with a volume of 13,087,074 shares.
Direxion Daily Semiconductors Bull 3x Shares Trading Up 3.2%
The stock’s 50-day moving average price is $110.39 and its 200-day moving average price is $72.39. The company has a market capitalization of $30.47 billion, a P/E ratio of 35.63 and a beta of 5.55.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SOXL. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $258,000. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $270,000. HUB Investment Partners LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $326,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $25,000. Finally, Bank of America Corp DE lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after buying an additional 74,815 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.
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