Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Down 6.8%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Free Report) shares were down 6.8% during mid-day trading on Friday . The stock traded as low as $45.86 and last traded at $46.58. Approximately 30,597,447 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 66,988,344 shares. The stock had previously closed at $50.00.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 2.8 %

The stock has a market capitalization of $13.17 billion, a P/E ratio of 37.08 and a beta of 5.47. The stock’s 50 day simple moving average is $43.08 and its 200 day simple moving average is $36.86.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $43,087,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $41,164,000. Global Assets Advisory LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $13,683,000. Westwood Wealth Management acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $10,158,000. Finally, EP Wealth Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth about $2,898,000.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(Get Free Report)

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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