Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shares were down 7.6% during mid-day trading on Friday . The company traded as low as $113.15 and last traded at $113.73. Approximately 24,792,414 shares traded hands during trading, a decline of 66% from the average daily volume of 73,474,531 shares. The stock had previously closed at $123.05.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 9.5%
The firm’s fifty day simple moving average is $158.14 and its 200-day simple moving average is $132.99. The company has a market cap of $18.86 billion, a PE ratio of 35.63 and a beta of 5.73.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth $258,000. NewEdge Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at $270,000. HUB Investment Partners LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at $326,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $25,000. Finally, Bank of America Corp DE boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% during the second quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock valued at $4,375,000 after acquiring 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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