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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped up prior to trading on Monday . The stock had previously closed at $135.47, but opened at $143.52. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $145.00, with a volume of 16,306,598 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The business has a 50-day moving average of $208.16 and a 200 day moving average of $118.16. The stock has a market cap of $19.42 billion, a PE ratio of 35.63 and a beta of 5.66.

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

A number of institutional investors have recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its stake 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 worth $27,000 after purchasing an additional 138 shares during the last quarter. Verus Capital Partners LLC raised its holdings 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 period. 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 worth $34,000 after purchasing an additional 200 shares during the period. SteelPeak Wealth LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% in the 1st quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after buying an additional 266 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 4.6% in the 1st quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock valued at $381,000 after buying an additional 350 shares during the period.

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.