Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Trading Down 14.6% – Should You Sell?

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) shares traded down 14.6% on Monday . The stock traded as low as $99.87 and last traded at $103.9740. 32,172,429 shares were traded during trading, a decline of 56% from the average session volume of 72,342,758 shares. The stock had previously closed at $121.82.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

The business’s fifty day moving average price is $131.80 and its 200-day moving average price is $137.44. The stock has a market capitalization of $17.33 billion, a PE ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares in the last quarter. Simplex Trading LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after purchasing an additional 354,575 shares in the last quarter. IMC Chicago LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after purchasing an additional 324,775 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% during the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares during the last quarter. Finally, Avestar Capital LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 4th quarter valued at $2,514,000.

About Direxion Daily Semiconductors Bull 3X ETF

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.