Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $181.47, but opened at $197.21. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $206.08, with a volume of 11,482,633 shares.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The business has a 50-day simple moving average of $201.22 and a 200-day simple moving average of $109.11. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66.
Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares
Several hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC grew its holdings 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 in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after purchasing an additional 603,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after purchasing an additional 516,575 shares during the last quarter. Simplex Trading LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares during the last quarter. Finally, IMC Chicago LLC grew its stake 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 purchasing an additional 324,775 shares in the last quarter.
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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