Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Up 7.6% – Here’s Why

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) traded up 7.6% during mid-day trading on Friday . The stock traded as high as $20.95 and last traded at $20.69. 121,153,129 shares were traded during trading, an increase of 44% from the average session volume of 84,383,742 shares. The stock had previously closed at $19.23.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 8.6 %

The company’s fifty day moving average price is $27.78 and its 200-day moving average price is $30.94. The stock has a market capitalization of $6.44 billion, a PE ratio of 29.74 and a beta of 3.96.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several large investors have recently made changes to their positions in SOXL. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $27,180,000. BNP Paribas Financial Markets increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the fourth quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after acquiring an additional 299,744 shares in the last quarter. Simplex Trading LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% during the fourth quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after acquiring an additional 235,607 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 116.3% during the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 383,010 shares of the company’s stock valued at $14,049,000 after acquiring an additional 205,910 shares in the last quarter. Finally, TB Alternative Assets Ltd. increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the fourth quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after acquiring an additional 141,941 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.