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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $29.33, but opened at $30.04. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $29.33, with a volume of 12,371,184 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 2.9 %

The company has a market capitalization of $7.72 billion, a PE ratio of 37.08 and a beta of 5.47. The business’s 50-day simple moving average is $33.77 and its 200-day simple moving average is $41.89.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at approximately $216,000. Prime Capital Investment Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 14.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,244 shares of the company’s stock valued at $302,000 after purchasing an additional 1,018 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 17.6% during the 3rd quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $73,000 after purchasing an additional 300 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at approximately $1,064,000. Finally, Avaii Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at approximately $525,000.

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.