Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Stock Price Up 10.5%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) were up 10.5% on Thursday . The stock traded as high as $34.82 and last traded at $34.41. Approximately 21,534,141 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 73,590,516 shares. The stock had previously closed at $31.14.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The company has a market capitalization of $9.09 billion, a PE ratio of 37.08 and a beta of 5.47. The stock’s 50 day simple moving average is $37.65 and its 200-day simple moving average is $44.66.

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

Several large investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth about $42,000. Westend Capital Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $68,000. Covestor Ltd raised its holdings in 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 acquiring an additional 875 shares in the last quarter. VitalStone Financial LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 437.1% in the first quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 82,200.0% during the 1st quarter. Hollencrest Capital Management now owns 4,115 shares of the company’s stock worth $191,000 after acquiring an additional 4,110 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.