Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $91.99, but opened at $107.38. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $112.00, with a volume of 35,885,140 shares trading hands.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66. The stock has a 50-day moving average of $199.49 and a two-hundred day moving average of $123.45.
Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares
Hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $25,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first 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 period. Western Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $33,000. Finally, 1248 Management LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter.
About Direxion Daily Semiconductors Bull 3x Shares
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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