Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $93.67, but opened at $103.95. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $99.3480, with a volume of 24,153,711 shares trading hands.
Direxion Daily Semiconductors Bull 3X ETF Stock Performance
The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 35.63 and a beta of 5.75. The business has a fifty day moving average price of $128.92 and a 200 day moving average price of $151.06.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF during the second quarter worth about $107,000. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Western Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter worth about $33,000. St. Johns Investment Management Company LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter valued at about $38,000. Finally, Bouchey Financial Group Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at about $360,000.
About Direxion Daily Semiconductors Bull 3X ETF
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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