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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $120.60, but opened at $115.07. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $106.03, with a volume of 18,811,964 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 4.1%

The firm has a market cap of $19.59 billion, a P/E ratio of 35.63 and a beta of 5.73. The company’s fifty day moving average price is $166.97 and its two-hundred day moving average price is $132.26.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several hedge funds have recently modified their holdings of SOXL. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at $25,000. Halbert Hargrove Global Advisors LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the last quarter. Western Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $33,000. Finally, 1248 Management LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in 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.