Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $18.39, but opened at $17.15. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $17.78, with a volume of 56,055,631 shares trading hands.
Direxion Daily Semiconductors Bull 3x Shares Trading Down 0.5%
The stock’s 50-day moving average is $14.22 and its 200-day moving average is $23.32. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 29.41 and a beta of 4.25.
Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOXL. TB Alternative Assets Ltd. lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the fourth quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock worth $17,011,000 after acquiring an additional 141,941 shares in the last quarter. KG&L Capital Management LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 209.3% in the fourth quarter. KG&L Capital Management LLC now owns 19,423 shares of the company’s stock worth $530,000 after purchasing an additional 13,143 shares during the last quarter. Avestar Capital LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $1,178,000. PayPay Securities Corp lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the fourth quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after buying an additional 403 shares during the period. Finally, Variant Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $2,030,000.
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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