Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Down 14.1% – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) were down 14.1% during mid-day trading on Friday . The stock traded as low as $214.41 and last traded at $217.01. Approximately 12,504,167 shares were traded during mid-day trading, a decline of 84% from the average session volume of 76,239,375 shares. The stock had previously closed at $252.61.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock has a market cap of $29.83 billion, a P/E ratio of 35.63 and a beta of 5.70. The firm’s fifty day moving average price is $186.61 and its two-hundred day moving average price is $101.91.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently modified their holdings of the company. Jump Financial LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after buying an additional 775,222 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after acquiring an additional 603,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after purchasing an additional 516,575 shares during the period. Simplex Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the 4th 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. Finally, IMC Chicago LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 550.1% in the 1st 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 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.