Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price traded up 15.3% during mid-day trading on Monday . The stock traded as high as $213.37 and last traded at $210.50. 21,747,483 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 77,803,969 shares. The stock had previously closed at $182.54.
Direxion Daily Semiconductors Bull 3x Shares Trading Up 17.4%
The company’s 50 day moving average is $136.15 and its 200-day moving average is $82.12. The company has a market capitalization of $29.04 billion, a P/E ratio of 35.63 and a beta of 5.70.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SOXL. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $25,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Addison Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at $33,000. Finally, Western Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $33,000.
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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