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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $130.00, but opened at $136.26. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $132.55, with a volume of 10,792,108 shares.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The business’s 50-day moving average price is $189.11 and its two-hundred day moving average price is $127.05. The company has a market capitalization of $22.56 billion, a P/E ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors have recently modified their holdings of SOXL. Key Client Fiduciary Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $474,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $4,007,000. Vigilare Wealth Management bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $498,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 831.0% in the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after buying an additional 251,587 shares during the last quarter. Finally, Serenity Investment Advisors bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $116,000.

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.