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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $51.14, but opened at $54.63. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $55.86, with a volume of 42,707,021 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm has a market cap of $10.76 billion, a P/E ratio of 35.63 and a beta of 4.52. The company’s 50 day moving average is $60.18 and its 200 day moving average is $47.20.

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

Several hedge funds have recently modified their holdings of the company. Avestar Capital LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 232.9% in the second quarter. Avestar Capital LLC now owns 264,996 shares of the company’s stock valued at $6,654,000 after purchasing an additional 185,383 shares during the last quarter. APEIRON CAPITAL Ltd bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $4,181,000. Dakota Community Bank & Trust NA acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $791,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $2,684,000. Finally, Orion Porfolio Solutions LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at approximately $1,657,000.

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.