Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report)’s share price traded down 11.2% on Thursday. The stock traded as low as $146.40 and last traded at $141.0870. Approximately 42,312,045 shares were traded during mid-day trading, a decline of 41% from the average session volume of 71,294,914 shares. The stock had previously closed at $158.91.
Direxion Daily Semiconductors Bull 3X ETF Trading Down 11.9%
The firm has a market capitalization of $21.56 billion, a P/E ratio of 35.63 and a beta of 5.75. The company has a 50-day moving average of $129.74 and a 200-day moving average of $147.56.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clay Northam Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter valued at approximately $1,178,000. IMC Chicago LLC lifted 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 worth $18,389,000 after purchasing an additional 324,775 shares during the period. Alchemi Wealth LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the 4th quarter valued at $796,000. Triton Wealth Management PLLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $731,000. Finally, WJ Financial Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth $398,000.
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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