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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $106.74, but opened at $111.22. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $116.7760, with a volume of 19,037,662 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The company has a market cap of $19.69 billion, a P/E ratio of 35.63 and a beta of 5.73. The company’s 50-day moving average is $146.49 and its two-hundred day moving average is $134.69.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC lifted its holdings 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 purchasing an additional 138 shares in the last quarter. Verus Capital Partners LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the 4th quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after buying an additional 200 shares in the last quarter. 1248 Management LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. SteelPeak Wealth LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 1.2% in the 1st quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after buying an additional 266 shares during the last quarter. Finally, Kaizen Financial Strategies raised its position in Direxion Daily Semiconductors Bull 3x Shares by 4.6% in the 1st quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock worth $381,000 after buying an additional 350 shares during 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.