Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Down 3.7%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price were down 3.7% during trading on Friday . The company traded as low as $33.70 and last traded at $33.83. Approximately 13,396,094 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 73,822,695 shares. The stock had previously closed at $35.12.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 7.8 %

The company has a market cap of $8.78 billion, a PE ratio of 37.08 and a beta of 5.47. The stock has a 50-day simple moving average of $38.26 and a 200 day simple moving average of $44.77.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $42,000. Westend Capital Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $68,000. Covestor Ltd grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the first quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after buying an additional 875 shares in the last quarter. VitalStone Financial LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 437.1% in the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock valued at $102,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 82,200.0% during the first quarter. Hollencrest Capital Management now owns 4,115 shares of the company’s stock worth $191,000 after buying an additional 4,110 shares in the last quarter.

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.