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

Posted by Trevor Kearing on Apr 2nd, 2026

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $52.26, but opened at $46.06. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $46.98, with a volume of 25,015,291 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 0.3%

The firm’s 50 day simple moving average is $58.87 and its 200-day simple moving average is $48.33. The company has a market capitalization of $10.03 billion, a PE ratio of 35.63 and a beta of 4.52.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in SOXL. Avestar Capital LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 232.9% during the second quarter. Avestar Capital LLC now owns 264,996 shares of the company’s stock worth $6,654,000 after purchasing an additional 185,383 shares in the last quarter. APEIRON CAPITAL Ltd purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter worth about $4,181,000. Dakota Community Bank & Trust NA acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $791,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $1,657,000. Finally, M Holdings Securities Inc. lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 54.3% during the 2nd quarter. M Holdings Securities Inc. now owns 35,866 shares of the company’s stock worth $901,000 after acquiring an additional 12,620 shares in the last quarter.

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.