Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Up 9% – Here’s What Happened

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price shot up 9% during trading on Tuesday . The company traded as high as $139.52 and last traded at $139.09. 12,566,874 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 82,673,563 shares. The stock had previously closed at $127.55.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The firm has a market cap of $20.61 billion, a PE ratio of 35.63 and a beta of 5.55. The stock has a 50-day moving average price of $75.18 and a 200 day moving average price of $58.81.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. SteelPeak Wealth LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 152.8% in the fourth quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock valued at $945,000 after purchasing an additional 13,593 shares during the period. APEIRON CAPITAL Ltd purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $4,181,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $279,000. HighTower Advisors LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 46.7% in the third quarter. HighTower Advisors LLC now owns 38,677 shares of the company’s stock valued at $1,348,000 after purchasing an additional 12,319 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $626,000.

Direxion Daily Semiconductors Bull 3x Shares 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.