Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $33.43

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $33.43, but opened at $32.03. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $31.66, with a volume of 16,696,170 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The firm’s 50 day moving average price is $40.83 and its two-hundred day moving average price is $45.13. The stock has a market cap of $8.47 billion, a PE ratio of 37.08 and a beta of 5.47.

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

A number of large investors have recently made changes to their positions in SOXL. Global Assets Advisory LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $13,683,000. Meridian Wealth Management LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 6.0% during the fourth quarter. Meridian Wealth Management LLC now owns 11,398 shares of the company’s stock worth $358,000 after purchasing an additional 649 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 56.4% in the 2nd quarter. SG Americas Securities LLC now owns 39,276 shares of the company’s stock worth $2,174,000 after purchasing an additional 14,170 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $623,000. Finally, VitalStone Financial LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock valued at $102,000 after buying an additional 1,779 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.