Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Up 8.1% – Here’s What Happened

Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) shot up 8.1% during mid-day trading on Monday . The stock traded as high as $134.48 and last traded at $133.7340. 14,574,400 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 72,071,430 shares. The stock had previously closed at $123.67.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

The stock has a 50-day moving average of $127.46 and a 200-day moving average of $138.51. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Simplex Trading LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 40.2% in the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after buying an additional 354,575 shares during the period. IMC Chicago LLC grew its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after buying an additional 324,775 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after buying an additional 251,587 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 53.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 99,847 shares of the company’s stock worth $4,197,000 after acquiring an additional 34,932 shares during the period. Finally, Client First Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at approximately $4,007,000.

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.