Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s stock price was down 6.9% during mid-day trading on Wednesday . The stock traded as low as $140.92 and last traded at $141.4010. 20,578,176 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 72,014,672 shares. The stock had previously closed at $151.95.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The business’s 50-day moving average price is $126.50 and its 200 day moving average price is $139.81. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
A number of institutional investors have recently added to or reduced their stakes in SOXL. Anchor Investment Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF in the second quarter worth about $107,000. Bouchey Financial Group Ltd. bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at $360,000. Allworth Financial LP boosted its stake in Direxion Daily Semiconductors Bull 3X ETF by 421.4% during the 2nd quarter. Allworth Financial LP now owns 3,269 shares of the company’s stock valued at $872,000 after purchasing an additional 2,642 shares during the period. Clay Northam Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter worth approximately $1,178,000. Finally, AlphaGrep UK Ltd bought a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter worth $517,000.
About Direxion Daily Semiconductors Bull 3X ETF
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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