Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Gap Down – What’s Next?

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $66.03, but opened at $59.79. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $61.4590, with a volume of 64,769,079 shares traded.

Direxion Daily Semiconductors Bull 3X ETF Stock Up 0.8%

The firm’s 50-day moving average price is $112.19 and its two-hundred day moving average price is $123.50. The firm has a market capitalization of $20.16 billion, a PE ratio of 35.63 and a beta of 6.00.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alteri Wealth LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF in the 3rd quarter worth $209,000. OneAscent Financial Services LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the 3rd quarter valued at approximately $218,000. Bogart Wealth LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 140,000.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,401 shares of the company’s stock worth $207,000 after buying an additional 1,400 shares during the period. HighTower Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3X ETF in the 3rd quarter valued at $2,493,000. Finally, Morse Asset Management Inc boosted its stake in Direxion Daily Semiconductors Bull 3X ETF by 82.7% in the 3rd quarter. Morse Asset Management Inc now owns 1,602 shares of the company’s stock valued at $237,000 after buying an additional 725 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3X ETF

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.