Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s share price was down 11.2% during mid-day trading on Thursday. The company traded as low as $146.40 and last traded at $141.0870. 42,312,045 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 71,294,914 shares. The stock had previously closed at $158.91.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The business’s fifty day moving average price is $129.74 and its 200 day moving average price is $147.56. The stock has a market cap of $21.56 billion, a P/E ratio of 35.63 and a beta of 5.75.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Clay Northam Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at about $1,178,000. IMC Chicago LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after purchasing an additional 324,775 shares during the last quarter. Alchemi Wealth LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the fourth quarter valued at approximately $796,000. Triton Wealth Management PLLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter valued at approximately $731,000. Finally, WJ Financial Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF during the 1st quarter worth approximately $398,000.
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.
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