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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped down prior to trading on Thursday . The stock had previously closed at $54.02, but opened at $49.53. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $52.48, with a volume of 36,326,395 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The business has a fifty day moving average price of $60.18 and a 200 day moving average price of $46.90.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verus Capital Partners LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the 4th quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock valued at $495,000 after purchasing an additional 200 shares in the last quarter. 1248 Management LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 2.3% in the third quarter. Toth Financial Advisory Corp now owns 13,951 shares of the company’s stock valued at $486,000 after buying an additional 312 shares during the period. EP Wealth Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1.4% in the second quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock valued at $748,000 after buying an additional 413 shares during the period. Finally, Corient Private Wealth LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 1.5% during the second quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock valued at $794,000 after buying an additional 457 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.