Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Up 9.2%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Rating) rose 9.2% during trading on Friday . The company traded as high as $20.99 and last traded at $20.92. Approximately 25,141,458 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 79,730,664 shares. The stock had previously closed at $19.15.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 15.6 %

The stock’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $14.09. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 15.46 and a beta of 4.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 160,743.5% during the first quarter. JPMorgan Chase & Co. now owns 321,687 shares of the company’s stock worth $5,887,000 after purchasing an additional 321,487 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 2,961.7% in the 1st quarter. Jane Street Group LLC now owns 1,738,920 shares of the company’s stock valued at $31,822,000 after acquiring an additional 1,682,125 shares during the period. Bank of America Corp DE acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $327,000. HRT Financial LP increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 85.6% in the 1st quarter. HRT Financial LP now owns 1,205,604 shares of the company’s stock valued at $22,062,000 after acquiring an additional 556,050 shares during the period. Finally, UBS Group AG increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 858.3% in the 1st quarter. UBS Group AG now owns 76,780 shares of the company’s stock valued at $1,405,000 after acquiring an additional 68,768 shares during the period.

About Direxion Daily Semiconductors Bull 3x Shares

(Get Rating)

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.