Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading Up 7% – Here’s What Happened

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) traded up 7% during mid-day trading on Tuesday . The company traded as high as $44.37 and last traded at $44.1980. 24,692,838 shares were traded during trading, a decline of 80% from the average session volume of 124,312,055 shares. The stock had previously closed at $41.31.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 3.0%

The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The company has a 50 day moving average of $40.56 and a 200 day moving average of $30.41.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 2.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 13,951 shares of the company’s stock valued at $486,000 after acquiring an additional 312 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 1.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock valued at $748,000 after purchasing an additional 413 shares during the period. Corient Private Wealth LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.5% during the second quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock worth $794,000 after acquiring an additional 457 shares during the last quarter. Meridian Wealth Management LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 6.6% in the 1st quarter. Meridian Wealth Management LLC now owns 10,058 shares of the company’s stock worth $160,000 after purchasing an additional 624 shares during the last quarter. Finally, Addison Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at approximately $33,000.

Direxion Daily Semiconductors Bull 3x Shares 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.