Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) rose 12.8% on Tuesday . The stock traded as high as $157.12 and last traded at $154.33. 16,351,590 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 74,416,055 shares. The stock had previously closed at $136.81.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The company has a market capitalization of $21.96 billion, a PE ratio of 35.63 and a beta of 5.66. The stock’s fifty day simple moving average is $206.34 and its 200-day simple moving average is $120.47.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several institutional investors and hedge funds have recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $25,000. Western Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $33,000. St. Johns Investment Management Company LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $38,000. Finally, 1248 Management LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the period.
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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