Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Trading 4.3% Higher – Here’s What Happened

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL)’s stock price rose 4.3% during trading on Tuesday . The stock traded as high as $105.77 and last traded at $105.4430. 16,418,606 shares were traded during mid-day trading, a decline of 77% from the average session volume of 72,422,078 shares. The stock had previously closed at $101.13.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

The stock has a 50 day simple moving average of $133.06 and a two-hundred day simple moving average of $137.23. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after purchasing an additional 516,575 shares during the last quarter. Avestar Capital LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the 4th quarter worth about $2,514,000. Larson Financial Group LLC increased its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 91.1% during the 4th quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock worth $297,000 after purchasing an additional 3,366 shares during the last quarter. HighTower Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 8.4% in 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 during the period. Finally, SLT Holdings LLC purchased a new stake in Direxion Daily Semiconductors Bull 3X ETF in the 4th quarter valued at about $240,000.

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.