Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shot up 8.8% during mid-day trading on Monday . The company traded as high as $51.41 and last traded at $51.12. 13,733,771 shares changed hands during trading, a decline of 78% from the average session volume of 63,458,227 shares. The stock had previously closed at $47.00.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 15.9 %
The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The company has a 50 day moving average of $55.25 and a 200 day moving average of $45.05.
Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares
A number of hedge funds have recently made changes to their positions in SOXL. Ritholtz Wealth Management bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at $282,000. AlphaMark Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the fourth quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock worth $29,000 after purchasing an additional 690 shares in the last quarter. StoneCrest Wealth Management Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $485,000. International Assets Investment Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $3,002,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $328,000.
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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