Stock Traders Buy Large Volume of Direxion Daily Semiconductors Bull 3x Shares Call Options (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 289,317 call options on the stock. This is an increase of 18% compared to the typical daily volume of 246,025 call options.

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

Hedge funds have recently bought and sold shares of the company. Simplex Trading LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the fourth quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after buying an additional 235,607 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at $27,180,000. TB Alternative Assets Ltd. lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after purchasing an additional 141,941 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the fourth quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock worth $8,193,000 after purchasing an additional 299,744 shares during the period. Finally, Spire Wealth Management increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 14,970.5% in the first quarter. Spire Wealth Management now owns 197,122 shares of the company’s stock valued at $3,144,000 after purchasing an additional 195,814 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL stock opened at $10.29 on Thursday. The company has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $26.13. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.23 and a one year high of $70.08. The stock has a market cap of $8.33 billion, a P/E ratio of 15.60 and a beta of 4.11.

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.