Direxion Daily Semiconductors Bull 3x Shares Sees Unusually Large Options Volume (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw some unusual options trading activity on Monday. Investors purchased 302,163 call options on the stock. This is an increase of approximately 12% compared to the average volume of 269,596 call options.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of SOXL stock traded up $3.26 during midday trading on Monday, reaching $17.37. 185,678,674 shares of the company were exchanged, compared to its average volume of 107,521,097. The company’s 50 day moving average price is $14.34 and its two-hundred day moving average price is $24.02. The company has a market cap of $14.06 billion, a P/E ratio of 15.60 and a beta of 4.11. Direxion Daily Semiconductors Bull 3x Shares has a 12 month low of $7.23 and a 12 month high of $70.08.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at about $27,180,000. BNP Paribas Financial Markets boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the fourth quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after purchasing an additional 299,744 shares in the last quarter. Simplex Trading LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% during the fourth quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after purchasing an additional 235,607 shares during the last quarter. Spire Wealth Management boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 14,970.5% in the 1st quarter. Spire Wealth Management now owns 197,122 shares of the company’s stock worth $3,144,000 after buying an additional 195,814 shares during the last quarter. Finally, TB Alternative Assets Ltd. lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 29.5% in the fourth quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after acquiring an additional 141,941 shares during the last quarter.

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.