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

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped up before the market opened on Tuesday . The stock had previously closed at $211.44, but opened at $227.06. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $227.98, with a volume of 13,980,666 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The stock’s 50 day simple moving average is $145.30 and its 200 day simple moving average is $85.59. The firm has a market cap of $24.48 billion, a P/E ratio of 35.63 and a beta of 5.70.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC boosted its position in 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 valued at $27,000 after buying an additional 138 shares during the period. Verus Capital Partners LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after purchasing an additional 200 shares during the last quarter. 1248 Management LLC raised its holdings 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 acquiring an additional 200 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after acquiring an additional 266 shares in the last quarter. Finally, Kaizen Financial Strategies boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 4.6% in the first quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock worth $381,000 after acquiring an additional 350 shares in the last quarter.

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.