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

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) gapped down before the market opened on Thursday. The stock had previously closed at $146.25, but opened at $138.47. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $141.1760, with a volume of 17,602,343 shares traded.

Direxion Daily Semiconductors Bull 3X ETF Trading Up 3.5%

The business has a 50 day moving average price of $126.51 and a 200-day moving average price of $141.22. The firm has a market capitalization of $25.19 billion, a PE ratio of 35.63 and a beta of 5.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter worth $107,000. Bouchey Financial Group Ltd. purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at about $360,000. Allworth Financial LP increased its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 421.4% in the 2nd quarter. Allworth Financial LP now owns 3,269 shares of the company’s stock valued at $872,000 after purchasing an additional 2,642 shares in the last quarter. Clay Northam Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at about $1,178,000. Finally, AlphaGrep UK Ltd acquired a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at about $517,000.

Direxion Daily Semiconductors Bull 3X ETF 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.