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

Posted by Latisha Jones on Mar 31st, 2026

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $40.62, but opened at $42.88. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $43.70, with a volume of 25,486,604 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 6.8%

The business has a 50 day simple moving average of $59.29 and a two-hundred day simple moving average of $48.17. The company has a market cap of $8.35 billion, a PE ratio of 35.63 and a beta of 4.52.

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

Large investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth about $25,000. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth approximately $33,000. 1248 Management LLC boosted its position in shares of 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 acquiring an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at approximately $36,000.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(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.