Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading Up 7.6% – Here’s What Happened

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price were up 7.6% on Wednesday . The stock traded as high as $250.21 and last traded at $243.48. Approximately 10,235,817 shares changed hands during trading, a decline of 87% from the average daily volume of 77,397,922 shares. The stock had previously closed at $226.19.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company’s 50-day moving average price is $160.33 and its two-hundred day moving average price is $91.32. The stock has a market cap of $33.52 billion, a PE ratio of 35.63 and a beta of 5.70.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Avestar Capital LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at $2,514,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after buying an additional 516,575 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 152.8% during the 4th quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock valued at $945,000 after buying an additional 13,593 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 8.4% during the 4th quarter. HighTower Advisors LLC now owns 41,910 shares of the company’s stock valued at $1,761,000 after buying an additional 3,233 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 91.1% during the 4th quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock valued at $297,000 after purchasing an additional 3,366 shares during 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.