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The Direxion Daily Semiconductors Bull 3x Shares (SOXL) experienced a significant inflow of approximately $255.2 million, marking a 2.3% increase in outstanding units from 307,450,060 to 314,550,060 in the latest week.
As of the most recent trading session, SOXL’s share price was $38.62, which is within its 52-week range of $7.225 to $50.76. Notably, key underlying components such as Microchip Technology Inc (MCHP), Teradyne, Inc. (TER), and ON Semiconductor Corp (ON) saw increases of 1.5%, 2.4%, and 1.9% respectively.
This data underscores the dynamic nature of ETFs like SOXL, as significant inflows lead to both the creation of new units and a corresponding need to purchase underlying stocks.
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