Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Trading 4.3% Higher – Still a Buy?

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) shares rose 4.3% on Tuesday . The company traded as high as $105.77 and last traded at $105.4430. Approximately 16,418,606 shares were traded during trading, a decline of 77% from the average session volume of 72,422,078 shares. The stock had previously closed at $101.13.

Direxion Daily Semiconductors Bull 3X ETF Stock Performance

The business’s 50 day moving average price is $133.06 and its 200-day moving average price is $137.23. The firm has a market capitalization of $17.19 billion, a PE ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXL. Simplex Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3X ETF by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after buying an additional 516,575 shares in the last quarter. IMC Chicago LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after buying an additional 324,775 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after buying an additional 251,587 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 53.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 99,847 shares of the company’s stock valued at $4,197,000 after buying an additional 34,932 shares during the period.

Direxion Daily Semiconductors Bull 3X ETF 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.