Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shares were up 10.1% during mid-day trading on Wednesday . The stock traded as high as $147.70 and last traded at $146.40. Approximately 21,791,177 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 74,770,758 shares. The stock had previously closed at $133.00.
Direxion Daily Semiconductors Bull 3x Shares Trading Up 9.1%
The firm has a fifty day moving average of $186.44 and a two-hundred day moving average of $127.54. The company has a market cap of $24.58 billion, a PE ratio of 35.63 and a beta of 5.73.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SOXL. Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. Western Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth approximately $33,000. Finally, 1248 Management LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter.
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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