Stock Traders Buy High Volume of Call Options on Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of some unusual options trading activity on Monday. Stock traders bought 296,070 call options on the company. This represents an increase of 45% compared to the average volume of 203,918 call options.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL opened at $8.25 on Wednesday. The company has a market capitalization of $3.65 billion, a P/E ratio of 22.62 and a beta of 4.11. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.23 and a one year high of $70.08. The business’s 50 day simple moving average is $21.67 and its 200-day simple moving average is $28.15.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The firm 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. 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Simplex Trading LLC raised its position in 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 worth $27,319,000 after purchasing an additional 235,607 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $27,180,000. TB Alternative Assets Ltd. lifted its stake 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 during the period. BNP Paribas Financial Markets boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% in 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 during the last quarter. Finally, LM Advisors LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the fourth quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock worth $2,054,000 after purchasing an additional 65,400 shares during the period.

About Direxion Daily Semiconductors Bull 3x Shares

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.