Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) saw strong trading volume on Thursday. 46,789,520 shares changed hands during trading, a decline of 35% from the previous session’s volume of 71,460,625 shares. The stock last traded at $98.0420 and had previously closed at $110.54.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The firm has a market capitalization of $16.17 billion, a P/E ratio of 35.63 and a beta of 5.75. The company’s 50-day simple moving average is $130.35 and its two-hundred day simple moving average is $150.26.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Hedge funds have recently modified their holdings of the business. Clay Northam Wealth Management LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 6.8% in the 3rd quarter. Clay Northam Wealth Management LLC now owns 4,715 shares of the company’s stock worth $697,000 after purchasing an additional 300 shares in the last quarter. Client First Investment Management LLC raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 117.3% in the 3rd quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock worth $4,827,000 after purchasing an additional 17,621 shares during the period. Farther Finance Advisors LLC lifted its position in Direxion Daily Semiconductors Bull 3X ETF by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 5,782 shares of the company’s stock valued at $855,000 after purchasing an additional 2,774 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Direxion Daily Semiconductors Bull 3X ETF during the third quarter valued at $358,000. Finally, Private Client Services LLC lifted its position in Direxion Daily Semiconductors Bull 3X ETF by 30.2% during the third quarter. Private Client Services LLC now owns 10,324 shares of the company’s stock valued at $1,527,000 after purchasing an additional 2,393 shares in the last quarter.
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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