Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $125.87, but opened at $116.35. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $115.1170, with a volume of 16,339,332 shares.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The business’s 50-day moving average price is $137.44 and its two-hundred day moving average price is $136.26. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares during the last quarter. Avestar Capital LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF during the 4th quarter valued at $2,514,000. Larson Financial Group LLC boosted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 91.1% in the 4th quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock valued at $297,000 after purchasing an additional 3,366 shares during the period. HighTower Advisors LLC boosted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 8.4% in the 4th quarter. HighTower Advisors LLC now owns 41,910 shares of the company’s stock valued at $1,761,000 after purchasing an additional 3,233 shares during the period. Finally, SLT Holdings LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF in the 4th quarter worth $240,000.
Direxion Daily Semiconductors Bull 3X ETF 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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