Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $164.26, but opened at $153.70. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $154.0360, with a volume of 15,278,406 shares.
Direxion Daily Semiconductors Bull 3X ETF Stock Down 10.3%
The company has a market cap of $21.96 billion, a PE ratio of 35.63 and a beta of 5.75. The business has a 50-day simple moving average of $130.30 and a 200-day simple moving average of $148.20.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF
A number of institutional investors have recently modified their holdings of the company. Clay Northam Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at approximately $1,178,000. IMC Chicago LLC lifted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after buying an additional 324,775 shares in the last quarter. Alchemi Wealth LLC purchased a new position in Direxion Daily Semiconductors Bull 3X ETF in the 4th quarter valued at approximately $796,000. Triton Wealth Management PLLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter worth $731,000. Finally, WJ Financial Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $398,000.
About Direxion Daily Semiconductors Bull 3X ETF
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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