Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $37.06

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped down prior to trading on Thursday . The stock had previously closed at $37.06, but opened at $36.04. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $35.50, with a volume of 21,145,954 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market capitalization of $8.69 billion, a P/E ratio of 42.92 and a beta of 5.29. The firm has a 50 day moving average price of $43.36 and a two-hundred day moving average price of $31.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 2,961.7% during the 1st quarter. Jane Street Group LLC now owns 1,738,920 shares of the company’s stock worth $31,822,000 after buying an additional 1,682,125 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 800.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,368,000 shares of the company’s stock worth $33,967,000 after buying an additional 1,216,009 shares in the last quarter. IMC Chicago LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth $9,657,000. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $4,561,000. Finally, Morgan Stanley lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 62.2% in the 4th quarter. Morgan Stanley now owns 339,565 shares of the company’s stock valued at $3,284,000 after purchasing an additional 130,206 shares during the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.