Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $111.16, but opened at $117.37. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $118.54, with a volume of 14,351,857 shares traded.
Direxion Daily Semiconductors Bull 3x Shares Stock Up 0.8%
The company’s fifty day moving average is $164.63 and its 200 day moving average is $132.71. The stock has a market cap of $19.75 billion, a PE ratio of 35.63 and a beta of 5.73.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SOXL. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $25,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $25,000. Halbert Hargrove Global Advisors LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $33,000. Finally, 1248 Management LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during 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.
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