Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down – Here’s What Happened

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $192.26, but opened at $174.61. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $166.95, with a volume of 12,598,630 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The firm’s fifty day moving average is $209.19 and its two-hundred day moving average is $115.96. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 35.63 and a beta of 5.66.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth approximately $25,000. Western Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth approximately $33,000. St. Johns Investment Management Company LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth approximately $38,000. Finally, 1248 Management LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter.

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.