Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $165.37, but opened at $187.69. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $177.82, with a volume of 17,297,485 shares changing hands.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 7.0%
The firm has a market capitalization of $23.47 billion, a PE ratio of 35.63 and a beta of 5.66. The stock has a 50-day simple moving average of $208.54 and a 200-day simple moving average of $115.03.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at approximately $2,514,000. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after acquiring an additional 516,575 shares during the period. HighTower Advisors LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 41,910 shares of the company’s stock worth $1,761,000 after acquiring an additional 3,233 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 152.8% during the fourth quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock worth $945,000 after acquiring an additional 13,593 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 91.1% in the fourth quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock worth $297,000 after acquiring an additional 3,366 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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