Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $102.39, but opened at $81.79. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $81.6330, with a volume of 39,727,710 shares trading hands.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The stock has a 50-day moving average price of $121.97 and a 200-day moving average price of $123.40. The company has a market capitalization of $19.67 billion, a P/E ratio of 35.63 and a beta of 5.75.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at $1,178,000. IMC Chicago LLC increased its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after buying an additional 324,775 shares during the period. Triton Wealth Management PLLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $731,000. WJ Financial Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $398,000. Finally, SG Americas Securities LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $328,000.
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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