Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) Stock Price Down 2.6%

Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL)’s stock price dropped 2.6% on Monday . The stock traded as low as $38.71 and last traded at $38.75. Approximately 11,430,333 shares changed hands during trading, a decline of 84% from the average daily volume of 71,117,438 shares. The stock had previously closed at $39.80.

Direxion Daily Semiconductor Bull 3X Shares Stock Down 6.1 %

The business has a 50-day moving average price of $42.95 and a 200-day moving average price of $32.55. The firm has a market capitalization of $9.16 billion, a P/E ratio of 42.92 and a beta of 5.29.

Institutional Trading of Direxion Daily Semiconductor Bull 3X Shares

Several institutional investors have recently made changes to their positions in the business. Meridian Wealth Management LLC raised its position in Direxion Daily Semiconductor Bull 3X Shares by 6.0% in the fourth quarter. Meridian Wealth Management LLC now owns 11,398 shares of the company’s stock worth $358,000 after purchasing an additional 649 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Direxion Daily Semiconductor Bull 3X Shares by 313.6% in the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock worth $29,000 after buying an additional 690 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Direxion Daily Semiconductor Bull 3X Shares during the 1st quarter worth approximately $42,000. Stratos Wealth Advisors LLC boosted its stake in Direxion Daily Semiconductor Bull 3X Shares by 11.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,060 shares of the company’s stock valued at $190,000 after buying an additional 1,032 shares in the last quarter. Finally, Barclays PLC grew its position in Direxion Daily Semiconductor Bull 3X Shares by 3.7% in the third quarter. Barclays PLC now owns 36,499 shares of the company’s stock valued at $688,000 after acquiring an additional 1,300 shares during the period.

Direxion Daily Semiconductor 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.