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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $130.00, but opened at $136.26. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $132.55, with a volume of 10,792,108 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The business has a fifty day moving average of $183.67 and a 200-day moving average of $128.09. The company has a market capitalization of $24.08 billion, a P/E ratio of 35.63 and a beta of 5.73.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $258,000. NewEdge Advisors LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $270,000. HUB Investment Partners LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $326,000. Raymond James Financial Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $25,000. Finally, Bank of America Corp DE increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 75.2% during the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after purchasing an additional 74,815 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.