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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $165.37, but opened at $187.69. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $177.82, with a volume of 17,297,485 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock has a fifty day moving average of $208.54 and a 200 day moving average of $115.03. The firm has a market capitalization of $23.47 billion, a P/E ratio of 35.63 and a beta of 5.66.

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

A number of hedge funds have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at approximately $33,000. Finally, 1248 Management LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 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.