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

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

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The stock has a 50-day moving average of $42.88 and a two-hundred day moving average of $31.93. The company has a market cap of $8.99 billion, a P/E ratio of 42.92 and a beta of 5.29.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Hedge funds have recently bought and sold shares of the company. AlphaMark Advisors LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock worth $29,000 after purchasing an additional 690 shares during the period. Anchor Investment Management LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth approximately $53,000. Lindbrook Capital LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 362.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock worth $58,000 after purchasing an additional 1,450 shares during the period. Impact Partnership Wealth LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth approximately $64,000. Finally, Westend Capital Management LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth approximately $68,000.

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.