Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) shares traded 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 daily volume of 72,071,430 shares. The stock had previously closed at $123.67.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The company’s 50 day moving average is $126.50 and its 200 day moving average is $139.81. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3X ETF by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter valued at about $33,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter valued at about $38,000. SHP Wealth Management acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the fourth quarter valued at approximately $57,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the fourth quarter valued at approximately $85,000.
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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