Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price were up 6.9% during mid-day trading on Friday . The stock traded as high as $76.95 and last traded at $76.92. Approximately 19,737,453 shares were traded during trading, a decline of 77% from the average daily volume of 86,895,156 shares. The stock had previously closed at $71.98.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The firm has a market capitalization of $19.88 billion, a PE ratio of 35.63 and a beta of 4.54. The company’s 50-day moving average price is $58.17 and its 200-day moving average price is $49.37.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several institutional investors have recently modified their holdings of SOXL. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $258,000. NewEdge Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $270,000. HUB Investment Partners LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $326,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $25,000. Finally, Bank of America Corp DE raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 75.2% during the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after acquiring an additional 74,815 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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