Direxion Daily Semiconductors Bull 3x Shares Sees Unusually High Options Volume (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of some unusual options trading activity on Monday. Investors acquired 296,070 call options on the company. This represents an increase of 45% compared to the typical daily volume of 203,918 call options.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Direxion Daily Semiconductors Bull 3x Shares stock opened at $9.15 on Tuesday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 22.62 and a beta of 4.11. The company’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $28.47. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $7.23 and a fifty-two week high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0648 per share. This is a boost from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% in the 4th quarter. Morse Asset Management Inc now owns 30,910 shares of the company’s stock valued at $844,000 after purchasing an additional 368 shares during the period. PayPay Securities Corp raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 21.6% during the 4th quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after buying an additional 403 shares during the period. Anchor Investment Management LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 83.6% in the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock valued at $47,000 after buying an additional 585 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the period. Finally, Visionary Wealth Advisors increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 6.8% during the fourth quarter. Visionary Wealth Advisors now owns 9,633 shares of the company’s stock worth $263,000 after acquiring an additional 613 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.