Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Down 14.6% – What’s Next?

Shares of Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) fell 14.6% on Monday . The company traded as low as $99.87 and last traded at $103.9740. 32,172,429 shares were traded during trading, a decline of 56% from the average session volume of 72,342,758 shares. The stock had previously closed at $121.82.

Direxion Daily Semiconductors Bull 3X ETF Stock Performance

The firm has a fifty day simple moving average of $134.93 and a 200-day simple moving average of $137.00. The firm has a market cap of $17.47 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 have recently modified their holdings of SOXL. Jump Financial LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 185.6% during the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after buying an additional 775,222 shares during the period. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 105.7% in the 3rd 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 period. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% in the 4th 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 period. Simplex Trading LLC lifted its position in Direxion Daily Semiconductors Bull 3X ETF by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after acquiring an additional 354,575 shares during the last quarter. Finally, IMC Chicago LLC lifted its position in Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after acquiring an additional 324,775 shares during the last quarter.

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.