Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $128.15, but opened at $113.15. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $107.74, with a volume of 31,627,789 shares changing hands.
Direxion Daily Semiconductors Bull 3x Shares Trading Down 16.0%
The business’s fifty day simple moving average is $202.28 and its 200 day simple moving average is $123.09. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
A number of institutional investors have recently made changes to their positions in SOXL. Flow Traders U.S. LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $258,000. NewEdge Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $270,000. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth about $326,000. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth about $25,000. Finally, Bank of America Corp DE grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% during 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 period.
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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