Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $66.68, but opened at $56.95. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $51.2840, with a volume of 90,830,982 shares changing hands.
Direxion Daily Semiconductors Bull 3X ETF Stock Up 12.5%
The firm has a fifty day moving average of $115.22 and a 200-day moving average of $123.55. The firm has a market cap of $11.89 billion, a P/E ratio of 35.63 and a beta of 5.93.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Large investors have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the third quarter valued at about $29,328,000. RHL Group LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF in the third quarter valued at approximately $227,000. Crosspoint Financial LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 28.5% in the 3rd quarter. Crosspoint Financial LLC now owns 1,808 shares of the company’s stock valued at $267,000 after purchasing an additional 401 shares during the period. M Holdings Securities Inc. raised its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 4.5% in the third quarter. M Holdings Securities Inc. now owns 47,601 shares of the company’s stock valued at $7,038,000 after purchasing an additional 2,048 shares during the period. Finally, Brighton Jones LLC boosted its stake in Direxion Daily Semiconductors Bull 3X ETF by 30.0% in the 3rd quarter. Brighton Jones LLC now owns 6,026 shares of the company’s stock valued at $891,000 after purchasing an additional 1,391 shares during the period.
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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