Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading 9% Higher – Still a Buy?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price shot up 9% during mid-day trading on Tuesday . The stock traded as high as $139.52 and last traded at $139.09. 12,566,874 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 82,673,563 shares. The stock had previously closed at $127.55.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 14.4%

The firm has a market capitalization of $19.77 billion, a PE ratio of 35.63 and a beta of 5.55. The firm’s fifty day simple moving average is $69.97 and its 200-day simple moving average is $56.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Simplex Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after buying an additional 354,575 shares during the last quarter. Jump Financial LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after buying an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after buying an additional 603,324 shares during the last quarter. Group One Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 65.9% in the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock worth $20,182,000 after buying an additional 319,393 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares during the period.

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.