Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) shares traded down 6.9% during trading on Wednesday . The company traded as low as $140.92 and last traded at $141.4010. Approximately 20,578,176 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 72,014,672 shares. The stock had previously closed at $151.95.
Direxion Daily Semiconductors Bull 3X ETF Stock Down 5.8%
The firm’s 50 day moving average is $126.50 and its 200 day moving average is $139.81. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SOXL. Simplex Trading LLC boosted its stake in Direxion Daily Semiconductors Bull 3X ETF by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares during the period. IMC Chicago LLC raised its position in Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after acquiring an additional 324,775 shares in the last quarter. Optiver Holding B.V. raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% during the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 53.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 99,847 shares of the company’s stock worth $4,197,000 after buying an additional 34,932 shares during the last quarter. Finally, Avestar Capital LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF in the 4th quarter worth approximately $2,514,000.
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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