Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) rose 13.9% on Friday. The stock traded as high as $49.41 and last traded at $46.5380. Approximately 119,552,641 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 78,127,742 shares. The stock had previously closed at $40.87.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
The stock has a 50 day moving average price of $116.76 and a 200-day moving average price of $123.61. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 35.63 and a beta of 5.93.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter valued at $33,000. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter worth $107,000. Serenity Investment Advisors acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter worth $116,000. PayPay Securities Corp increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 105.8% in the 3rd quarter. PayPay Securities Corp now owns 856 shares of the company’s stock worth $127,000 after acquiring an additional 440 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 1st quarter worth $133,000.
Direxion Daily Semiconductors Bull 3X ETF 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.
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