Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) fell 8.6% during trading on Wednesday . The company traded as low as $116.84 and last traded at $118.02. Approximately 35,962,215 shares traded hands during trading, a decline of 52% from the average session volume of 74,323,281 shares. The stock had previously closed at $129.10.
Direxion Daily Semiconductors Bull 3x Shares Stock Down 5.7%
The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73. The business has a 50-day simple moving average of $177.93 and a two-hundred day simple moving average of $130.30.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth about $33,000. St. Johns Investment Management Company LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $38,000. Finally, 1248 Management LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter.
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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