Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price rose 5.2% during trading on Wednesday . The company traded as high as $35.83 and last traded at $35.59. Approximately 34,479,445 shares were traded during trading, a decline of 54% from the average daily volume of 74,763,781 shares. The stock had previously closed at $33.83.
Direxion Daily Semiconductors Bull 3x Shares Stock Performance
The company has a fifty day simple moving average of $35.04 and a two-hundred day simple moving average of $44.04. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth $42,000. Westend Capital Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at approximately $68,000. Covestor Ltd boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after purchasing an additional 875 shares in the last quarter. VitalStone Financial LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock valued at $102,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Hollencrest Capital Management increased its position in Direxion Daily Semiconductors Bull 3x Shares by 82,200.0% during the 1st quarter. Hollencrest Capital Management now owns 4,115 shares of the company’s stock worth $191,000 after purchasing an additional 4,110 shares in the last quarter.
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.
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