Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading 7.2% Higher

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shot up 7.2% on Tuesday . The company traded as high as $34.47 and last traded at $34.38. 42,657,262 shares traded hands during trading, a decline of 40% from the average session volume of 71,466,703 shares. The stock had previously closed at $32.07.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company’s fifty day moving average price is $42.88 and its 200-day moving average price is $31.93. The stock has a market cap of $8.99 billion, a P/E ratio of 42.92 and a beta of 5.29.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. AlphaMark Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 313.6% during the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock valued at $29,000 after buying an additional 690 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at approximately $68,000. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at approximately $53,000. Lindbrook Capital LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 362.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock worth $58,000 after purchasing an additional 1,450 shares in the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth $94,000.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

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.