Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $142.29, but opened at $148.94. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $149.9270, with a volume of 15,267,417 shares traded.
Direxion Daily Semiconductors Bull 3X ETF Stock Performance
The firm has a market cap of $24.89 billion, a P/E ratio of 35.63 and a beta of 5.73. The company’s 50 day moving average is $126.62 and its 200 day moving average is $142.45.
Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the second quarter worth about $107,000. Bouchey Financial Group Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter worth approximately $360,000. Allworth Financial LP boosted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 421.4% in the second quarter. Allworth Financial LP now owns 3,269 shares of the company’s stock valued at $872,000 after acquiring an additional 2,642 shares during the last quarter. Clay Northam Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at approximately $1,178,000. Finally, AlphaGrep UK Ltd acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter valued at approximately $517,000.
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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