Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Up 15.3% – What’s Next?

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) rose 15.3% during mid-day trading on Monday . The company traded as high as $213.37 and last traded at $210.50. Approximately 21,747,483 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 77,803,969 shares. The stock had previously closed at $182.54.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The business has a 50 day simple moving average of $142.50 and a 200 day simple moving average of $84.53. The stock has a market cap of $27.33 billion, a PE ratio of 35.63 and a beta of 5.70.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its position in Direxion Daily Semiconductors Bull 3x Shares by 831.0% during the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after acquiring an additional 251,587 shares in the last quarter. Serenity Investment Advisors bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $116,000. Vestor Capital LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 70.0% in the first quarter. Vestor Capital LLC now owns 4,326 shares of the company’s stock worth $207,000 after purchasing an additional 1,782 shares in the last quarter. Western Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth $33,000. Finally, Lido Advisors LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 120.6% in the first quarter. Lido Advisors LLC now owns 13,079 shares of the company’s stock worth $627,000 after purchasing an additional 7,150 shares in the last quarter.

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.