Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading 4.1% Higher

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) traded up 4.1% during mid-day trading on Friday . The stock traded as high as $55.99 and last traded at $55.99. 6,412,090 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 64,303,648 shares. The stock had previously closed at $53.80.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.9 %

The company’s fifty day moving average is $48.42 and its 200-day moving average is $41.49. The company has a market cap of $15.00 billion, a PE ratio of 37.08 and a beta of 5.47.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SOXL. Bank of Nova Scotia raised its position in Direxion Daily Semiconductors Bull 3x Shares by 26.1% in the third quarter. Bank of Nova Scotia now owns 56,702 shares of the company’s stock worth $1,069,000 after acquiring an additional 11,720 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at $286,000. EP Wealth Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at $2,898,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at $78,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at $53,000.

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.