Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Up 7.2%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price shot up 7.2% on Tuesday . The company traded as high as $34.47 and last traded at $34.38. 42,657,262 shares were traded during trading, a decline of 40% from the average session volume of 71,466,703 shares. The stock had previously closed at $32.07.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock’s 50-day moving average is $43.00 and its two-hundred day moving average is $31.80. The stock has a market cap of $8.23 billion, a P/E ratio of 42.92 and a beta of 5.29.

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

Several institutional investors have recently bought and sold shares of SOXL. AlphaMark Advisors LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 313.6% during the fourth quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock valued at $29,000 after purchasing an additional 690 shares during the last quarter. Anchor Investment Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $53,000. Lindbrook Capital LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 362.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock valued at $58,000 after purchasing an additional 1,450 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $64,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $68,000.

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.