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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped up prior to trading on Wednesday . The stock had previously closed at $266.32, but opened at $281.47. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $266.76, with a volume of 12,962,746 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.5%

The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. The company’s 50 day moving average price is $120.63 and its 200 day moving average price is $76.25.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several large investors have recently added to or reduced their stakes in SOXL. Jump Financial LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after purchasing an additional 775,222 shares during the period. Tower Research Capital LLC TRC boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after buying an additional 603,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $21,734,000 after buying an additional 516,575 shares during the last quarter. Simplex Trading LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after buying an additional 354,575 shares during the period. Finally, IMC Chicago LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after buying an additional 324,775 shares during the period.

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.