Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading 15.3% Higher – Here’s Why

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price traded up 15.3% on Monday . The stock traded as high as $213.37 and last traded at $210.50. 21,747,483 shares were traded during trading, a decline of 72% from the average session volume of 77,803,969 shares. The stock had previously closed at $182.54.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 17.4%

The firm has a fifty day moving average price of $136.15 and a two-hundred day moving average price of $82.12. The stock has a market capitalization of $29.04 billion, a P/E ratio of 35.63 and a beta of 5.70.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of SOXL. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $25,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Addison Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth $33,000. Finally, Western Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth $33,000.

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.