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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $300.77, but opened at $236.00. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $246.26, with a volume of 19,742,144 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The stock has a market cap of $32.06 billion, a PE ratio of 35.63 and a beta of 5.70. The company’s 50-day moving average price is $177.18 and its two-hundred day moving average price is $97.86.

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

Large investors have recently added to or reduced their stakes in the company. Simplex Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after buying an additional 775,222 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after buying an additional 603,324 shares in the last quarter. Group One Trading LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the 2nd quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after buying an additional 319,393 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after buying an additional 516,575 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.