Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $234.68, but opened at $265.99. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $270.31, with a volume of 11,458,205 shares trading hands.
Direxion Daily Semiconductors Bull 3x Shares Trading Down 17.0%
The company has a market capitalization of $30.65 billion, a price-to-earnings ratio of 35.63 and a beta of 5.70. The firm’s fifty day simple moving average is $160.33 and its two-hundred day simple moving average is $91.32.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several institutional investors and hedge funds have recently bought and sold shares of SOXL. Flow Traders U.S. LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $258,000. NewEdge Advisors LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $270,000. HUB Investment Partners LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $326,000. Raymond James Financial Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $25,000. Finally, Bank of America Corp DE boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock valued at $4,375,000 after purchasing an additional 74,815 shares during the last quarter.
Direxion Daily Semiconductors Bull 3x Shares 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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