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

Posted by Lauren Steadman on Oct 22nd, 2026

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $98.65, but opened at $94.52. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $98.4290, with a volume of 26,010,465 shares.

Direxion Daily Semiconductors Bull 3X ETF Stock Up 5.8%

The company has a market cap of $19.38 billion, a price-to-earnings ratio of 35.63 and a beta of 5.75. The company’s 50-day moving average is $126.81 and its 200 day moving average is $152.09.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Hedge funds have recently modified their holdings of the company. SteelPeak Wealth LLC grew its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 1.2% during the 1st quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after acquiring an additional 266 shares during the period. Clay Northam Wealth Management LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 6.8% in the 3rd quarter. Clay Northam Wealth Management LLC now owns 4,715 shares of the company’s stock valued at $697,000 after purchasing an additional 300 shares in the last quarter. Kaizen Financial Strategies increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 4.6% in the 1st quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock valued at $381,000 after purchasing an additional 350 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at about $107,000. Finally, Western Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF in the 1st quarter worth about $33,000.

About Direxion Daily Semiconductors Bull 3X ETF

(Get Free Report)

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.