Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Down 6.2% – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price traded down 6.2% during mid-day trading on Wednesday . The stock traded as low as $165.33 and last traded at $165.71. Approximately 14,799,339 shares traded hands during trading, a decline of 80% from the average daily volume of 74,380,133 shares. The stock had previously closed at $176.66.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 13.9%

The business has a 50-day moving average of $208.99 and a 200-day moving average of $117.51. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently made changes to their positions in the company. Simplex Trading LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the 4th 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 in the last quarter. Jump Financial LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after acquiring an additional 775,222 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after acquiring an additional 603,324 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 65.9% in the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after acquiring an additional 319,393 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after acquiring an additional 516,575 shares during the last quarter.

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.