Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Trading Down 17.8% – Here’s Why

by · The Cerbat Gem

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) traded down 17.8% during mid-day trading on Thursday . The stock traded as low as $13.52 and last traded at $13.36. 46,995,578 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 80,003,822 shares. The stock had previously closed at $16.26.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 23.5 %

The company has a market cap of $3.86 billion, a price-to-earnings ratio of 22.62 and a beta of 4.11. The business has a 50-day moving average price of $22.68 and a 200 day moving average price of $28.69.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0648 per share. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06. The ex-dividend date was Tuesday, March 25th.

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

A number of institutional investors have recently bought and sold shares of the stock. Copia Wealth Management acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $36,000. LM Advisors LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the 4th quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock valued at $2,054,000 after acquiring an additional 65,400 shares in the last quarter. Visionary Wealth Advisors lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 6.8% in the 4th quarter. Visionary Wealth Advisors now owns 9,633 shares of the company’s stock valued at $263,000 after acquiring an additional 613 shares in the last quarter. Morse Asset Management Inc boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 1.2% in the 4th quarter. Morse Asset Management Inc now owns 30,910 shares of the company’s stock worth $844,000 after purchasing an additional 368 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock worth $8,193,000 after purchasing an additional 299,744 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(Get Free Report)

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.

See Also