Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading 9% Higher – Here’s What Happened

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) traded up 9% on Friday . The stock traded as high as $19.80 and last traded at $19.73. 54,563,018 shares were traded during trading, a decline of 39% from the average session volume of 89,179,844 shares. The stock had previously closed at $18.09.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 9.5 %

The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 29.25 and a beta of 4.09. The stock has a fifty day moving average of $26.81 and a 200-day moving average of $30.22.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SOXL. Prime Capital Investment Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 14.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,244 shares of the company’s stock worth $302,000 after buying an additional 1,018 shares during the last quarter. Activest Wealth Management grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 15,528.0% during the third quarter. Activest Wealth Management now owns 7,814 shares of the company’s stock worth $287,000 after acquiring an additional 7,764 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 12,476.9% during the third quarter. Larson Financial Group LLC now owns 8,175 shares of the company’s stock worth $300,000 after acquiring an additional 8,110 shares during the last quarter. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 106,628 shares of the company’s stock valued at $3,911,000 after acquiring an additional 25,079 shares during the period. Finally, HighTower Advisors LLC raised its position in 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 purchasing an additional 3,263 shares during 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.