Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $142.29, but opened at $148.94. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $149.9270, with a volume of 15,267,417 shares trading hands.
Direxion Daily Semiconductors Bull 3X ETF Stock Up 5.3%
The firm has a 50 day simple moving average of $126.62 and a two-hundred day simple moving average of $142.45. The stock has a market capitalization of $24.89 billion, a P/E 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 modified their holdings of the business. Anchor Investment Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter worth $107,000. Bouchey Financial Group Ltd. acquired a new position in Direxion Daily Semiconductors Bull 3X ETF during the second quarter worth about $360,000. Allworth Financial LP raised its stake in Direxion Daily Semiconductors Bull 3X ETF by 421.4% during the second quarter. Allworth Financial LP now owns 3,269 shares of the company’s stock worth $872,000 after acquiring an additional 2,642 shares in the last quarter. Clay Northam Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter worth about $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 about $517,000.
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.
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