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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $151.75, but opened at $141.24. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $145.96, with a volume of 17,987,377 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market cap of $20.25 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. The stock’s fifty day simple moving average is $91.15 and its two-hundred day simple moving average is $65.33.

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

A number of institutional investors have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Addison Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth approximately $33,000. Finally, 1248 Management LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.