Direxion Daily Semiconductors Bull 3x Shares Target of Unusually High Options Trading (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw some unusual options trading on Monday. Traders acquired 296,070 call options on the stock. This is an increase of 45% compared to the typical volume of 203,918 call options.

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

A number of institutional investors have recently added to or reduced their stakes in SOXL. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $27,180,000. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 299,744 shares in the last quarter. Simplex Trading LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after purchasing an additional 235,607 shares during the period. TB Alternative Assets Ltd. raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 29.5% in the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock worth $17,011,000 after buying an additional 141,941 shares in the last quarter. Finally, Variant Private Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $2,030,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $8.25 on Wednesday. The company has a market cap of $3.65 billion, a PE ratio of 22.62 and a beta of 4.11. The firm has a fifty day moving average price of $21.67 and a two-hundred day moving average price of $28.15. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $7.23 and a fifty-two week high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

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

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.