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

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped up before the market opened on Monday . The stock had previously closed at $144.95, but opened at $150.61. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $153.37, with a volume of 11,813,095 shares.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 6.9%

The firm has a market capitalization of $26.25 billion, a PE ratio of 35.63 and a beta of 5.73. The firm has a 50-day moving average of $180.58 and a two-hundred day moving average of $129.28.

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

Several hedge funds and other institutional investors have recently modified their holdings of SOXL. Halbert Hargrove Global Advisors LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the last quarter. Verus Capital Partners LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% during 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 grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth 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. SteelPeak Wealth LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 1.2% in the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after purchasing an additional 266 shares in the last quarter. Finally, Kaizen Financial Strategies grew its stake 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 purchasing 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.