Direxion Daily Semiconductors Bull 3x Shares SOXL

Direxion SHS ET/Daily Semiconductor is a provider of leveraged Exchange Traded Funds (ETFs). Founded in 1997 in Alexandria, Virginia, the company’s name was changed to Direxion in 2006. It grew rapidly from that point after it began offering ETFs with three times leverage. By 2009, it held $3.4bn in assets. The business has offices in Virginia, New York City, Boston and Hong Kong.

The Direxion SHS ET/Daily Semiconductor option is a non-diversified fund seeking daily investment results of 300% of the performance of the Philadelphia Stock Exchange (PHLX) Semiconductor Sector Index. That is before fees and expenses and provides exposure three times per day to a market-cap-weighted index of companies on the PHLX.

The NYSE ticker for this fund is SOXL. As of 2020, its assets under management totalled $1.44bn with an average daily volume of $1.19m. On 13th August 2020, its share price was $251.69 and it had reached a high of $331.00 during the preceding 52 weeks.

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