Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $55.38, but opened at $60.96. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $60.68, with a volume of 27,030,125 shares trading hands.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The firm’s 50 day moving average price is $44.19 and its two-hundred day moving average price is $36.27. The company has a market cap of $14.09 billion, a P/E ratio of 35.63 and a beta of 4.52.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
A number of institutional investors and hedge funds have recently made changes to their positions in SOXL. ORG Wealth Partners LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $36,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $200,000. Cantor Fitzgerald L. P. grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 19.0% in the third quarter. Cantor Fitzgerald L. P. now owns 15,601 shares of the company’s stock valued at $544,000 after acquiring an additional 2,489 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $1,490,000. Finally, Scientech Research LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $446,000.
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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