Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) were up 15.9% during mid-day trading on Tuesday . The stock traded as high as $136.14 and last traded at $135.25. Approximately 26,660,209 shares were traded during mid-day trading, a decline of 65% from the average session volume of 75,470,148 shares. The stock had previously closed at $116.71.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 19.1%
The stock has a market cap of $21.99 billion, a PE ratio of 35.63 and a beta of 5.66. The stock’s fifty day moving average price is $198.01 and its 200 day moving average price is $124.36.
Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares
A number of institutional investors and hedge funds have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC increased its holdings in shares of 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 worth $27,000 after purchasing an additional 138 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $25,000. Western Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $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 valued at $38,000. Finally, 1248 Management LLC boosted its position 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 valued at $34,000 after buying an additional 200 shares during the last quarter.
About Direxion Daily Semiconductors Bull 3x Shares
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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