Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Down 7.9% – Time to Sell?

Posted by Jeff Wilder on Mar 30th, 2026

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) were down 7.9% during mid-day trading on Monday . The stock traded as low as $42.53 and last traded at $42.92. Approximately 48,258,884 shares were traded during trading, a decline of 43% from the average daily volume of 84,368,367 shares. The stock had previously closed at $46.61.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 14.6%

The firm has a market capitalization of $7.67 billion, a P/E ratio of 35.63 and a beta of 4.52. The business’s 50 day moving average is $59.70 and its 200-day moving average is $48.09.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of the business. SHP Wealth Management bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $57,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 171.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 15,993 shares of the company’s stock valued at $672,000 after purchasing an additional 10,100 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at approximately $548,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at approximately $1,293,000. Finally, EP Wealth Advisors LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $275,000.

About Direxion Daily Semiconductors Bull 3x Shares

(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.