Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) shares saw unusually-high trading volume on Wednesday. 80,993,249 shares changed hands during trading, an increase of 8% from the average daily volume of 74,970,789 shares. The stock last traded at $72.7580 and had previously closed at $73.12.
Direxion Daily Semiconductors Bull 3X ETF Stock Down 8.8%
The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 35.63 and a beta of 5.93. The company has a fifty day moving average price of $119.26 and a two-hundred day moving average price of $123.67.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at about $107,000. Western Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth about $33,000. PayPay Securities Corp grew its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 105.8% during the third quarter. PayPay Securities Corp now owns 856 shares of the company’s stock worth $127,000 after buying an additional 440 shares during the last quarter. Bouchey Financial Group Ltd. acquired a new position in Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at about $360,000. Finally, Optivise Advisory Services LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF in the 3rd quarter valued at about $203,000.
Direxion Daily Semiconductors Bull 3X ETF 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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