Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down – Time to Sell?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped down prior to trading on Monday . The stock had previously closed at $114.72, but opened at $106.15. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $102.13, with a volume of 23,578,955 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The stock has a market capitalization of $18.19 billion, a PE ratio of 35.63 and a beta of 5.66. The company’s fifty day simple moving average is $199.49 and its two-hundred day simple moving average is $123.94.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

A number of large investors have recently bought and sold shares of the stock. Jump Financial LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after buying an additional 775,222 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after acquiring an additional 603,324 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares during the last quarter. Simplex Trading LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after acquiring an additional 354,575 shares during the last quarter. Finally, IMC Chicago LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.1% in the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after acquiring an additional 324,775 shares during 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.