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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $55.38, but opened at $60.96. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $60.68, with a volume of 27,030,125 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The company has a market cap of $15.23 billion, a PE ratio of 35.63 and a beta of 4.52. The stock has a 50 day simple moving average of $43.51 and a two-hundred day simple moving average of $35.86.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth $36,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $200,000. Cantor Fitzgerald L. P. grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 19.0% during the third quarter. Cantor Fitzgerald L. P. now owns 15,601 shares of the company’s stock worth $544,000 after buying an additional 2,489 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $1,490,000. Finally, Scientech Research LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at about $446,000.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(Get Free Report)

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.

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