Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s stock price traded up 16.2% during trading on Thursday . The stock traded as high as $204.55 and last traded at $203.09. 18,557,049 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 75,212,086 shares. The stock had previously closed at $174.82.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.1%
The business has a 50-day moving average price of $207.77 and a two-hundred day moving average price of $113.68. The firm has a market cap of $22.78 billion, a PE ratio of 35.63 and a beta of 5.66.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of SOXL. Halbert Hargrove Global Advisors LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $25,000. Western Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $33,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $38,000. Finally, 1248 Management LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the period.
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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