Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s stock price rose 9.1% during mid-day trading on Monday. The company traded as high as $88.69 and last traded at $91.1580. Approximately 41,120,514 shares were traded during mid-day trading, a decline of 44% from the average session volume of 73,000,195 shares. The stock had previously closed at $83.56.
Direxion Daily Semiconductors Bull 3X ETF Stock Performance
The firm’s 50-day moving average price is $124.32 and its two-hundred day moving average price is $152.50. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 35.63 and a beta of 5.75.
Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SOXL. IMC Chicago LLC boosted its position in Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after buying an additional 324,775 shares during the period. Optiver Holding B.V. grew its holdings in Direxion Daily Semiconductors Bull 3X ETF by 831.0% during the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock worth $13,525,000 after acquiring an additional 251,587 shares during the period. Variant Private Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the 3rd quarter worth approximately $2,705,000. Client First Investment Management LLC boosted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 117.3% during the third quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock worth $4,827,000 after buying an additional 17,621 shares in the last quarter. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter worth about $791,000.
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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