Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price traded down 11.1% on Tuesday . The stock traded as low as $35.26 and last traded at $36.30. 47,481,887 shares traded hands during trading, a decline of 37% from the average session volume of 74,888,898 shares. The stock had previously closed at $40.82.
Direxion Daily Semiconductors Bull 3x Shares Price Performance
The stock has a market cap of $9.55 billion, a PE ratio of 37.08 and a beta of 5.47. The business has a fifty day moving average of $35.26 and a 200-day moving average of $43.41.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
A number of large investors have recently added to or reduced their stakes in SOXL. Avaii Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at about $525,000. Creative Planning purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at approximately $216,000. Westwood Wealth Management boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 4.0% in the 2nd quarter. Westwood Wealth Management now owns 226,970 shares of the company’s stock worth $12,565,000 after purchasing an additional 8,655 shares in the last quarter. Morse Asset Management Inc boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 31.1% in the 2nd quarter. Morse Asset Management Inc now owns 16,225 shares of the company’s stock worth $898,000 after purchasing an additional 3,848 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $503,000.
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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