Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) shot up 12% on Wednesday . The stock traded as high as $47.98 and last traded at $47.9310. 58,741,620 shares were traded during mid-day trading, a decline of 53% from the average session volume of 125,220,625 shares. The stock had previously closed at $42.80.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 12.1%
The company has a market cap of $14.16 billion, a P/E ratio of 35.63 and a beta of 4.52. The business has a fifty day moving average of $35.93 and a 200 day moving average of $26.57.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several large investors have recently modified their holdings of the stock. Howard Capital Management Inc. raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 2.8% in the 3rd quarter. Howard Capital Management Inc. now owns 202,941 shares of the company’s stock valued at $7,070,000 after purchasing an additional 5,502 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $240,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $278,000. APEIRON CAPITAL Ltd purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $4,181,000. Finally, Quent Capital LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $71,000.
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.
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