Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price traded down 6.6% during mid-day trading on Thursday . The stock traded as low as $98.62 and last traded at $99.3430. 17,566,935 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 72,883,273 shares. The stock had previously closed at $106.35.
Direxion Daily Semiconductors Bull 3x Shares Trading Up 0.1%
The stock has a market capitalization of $18.03 billion, a P/E ratio of 35.63 and a beta of 5.73. The company has a fifty day simple moving average of $149.41 and a two-hundred day simple moving average of $134.39.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several institutional investors have recently modified their holdings of SOXL. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $1,178,000. AlphaGrep UK Ltd bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $517,000. Key Client Fiduciary Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $474,000. Client First Investment Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $4,007,000. Finally, Vigilare Wealth Management bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at $498,000.
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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