Direxion Shares Exchange Traded Fund Trust - Direxion Daily Semiconductor Bull 3X is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the PHLX Semiconductor Sector Index. As of Oct 31 2015, the Fund's total assets were $154,168,683 and the Fund's investments portfolio was valued at $92,181,162. We show 240 historical shares outstanding datapoints in our SOXL shares outstanding history coverage, used to compute SOXL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SOXL market cap history over the course of time is important for investors
interested in comparing SOXL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SOXL versus a peer is one thing; comparing
SOXL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SOXL can fluctuate over the course of history.
With this page we aim to empower investors researching SOXL by allowing them to research the SOXL market cap history. |
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Video: The Importance of Market Cap
