Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Trading 8.1% Higher – Here’s What Happened

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) shot up 8.1% during mid-day trading on Monday . The company traded as high as $134.48 and last traded at $133.7340. Approximately 14,574,400 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 72,071,430 shares. The stock had previously closed at $123.67.

Direxion Daily Semiconductors Bull 3X ETF Stock Up 12.9%

The business’s 50 day moving average is $127.46 and its two-hundred day moving average is $138.51. The firm has a market cap of $23.64 billion, a P/E ratio of 35.63 and a beta of 5.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SOXL. Simplex Trading LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 40.2% during the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after purchasing an additional 354,575 shares in the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after purchasing an additional 324,775 shares in the last quarter. Optiver Holding B.V. lifted its stake in Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after buying an additional 251,587 shares during the period. Commonwealth Equity Services LLC lifted its stake in Direxion Daily Semiconductors Bull 3X ETF by 53.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 99,847 shares of the company’s stock valued at $4,197,000 after buying an additional 34,932 shares during the period. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter worth approximately $4,007,000.

Direxion Daily Semiconductors Bull 3X ETF 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.