Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading Up 3.7% – Still a Buy?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price traded up 3.7% during mid-day trading on Monday . The stock traded as high as $29.20 and last traded at $28.23. 24,871,470 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 75,341,297 shares. The stock had previously closed at $27.22.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The business has a 50-day simple moving average of $30.93 and a two-hundred day simple moving average of $39.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Creative Planning acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth $216,000. Prime Capital Investment Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 14.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,244 shares of the company’s stock valued at $302,000 after buying an additional 1,018 shares during the period. HighTower Advisors LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 55.7% in the 3rd quarter. HighTower Advisors LLC now owns 9,118 shares of the company’s stock valued at $335,000 after buying an additional 3,263 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 17.6% during the 3rd quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock worth $73,000 after acquiring an additional 300 shares during the period. Finally, Campbell Capital Management Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth approximately $1,064,000.

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.