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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped up before the market opened on Monday . The stock had previously closed at $10.23, but opened at $11.15. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $10.73, with a volume of 123,277,151 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The stock has a fifty day moving average of $19.77 and a 200 day moving average of $27.15. The company has a market capitalization of $4.69 billion, a PE ratio of 22.62 and a beta of 4.11.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SOXL. Simplex Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after purchasing an additional 235,607 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $27,180,000. TB Alternative Assets Ltd. boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the fourth quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock valued at $17,011,000 after buying an additional 141,941 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after buying an additional 299,744 shares in the last quarter. Finally, IMC Chicago LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.3% during the 1st quarter. IMC Chicago LLC now owns 146,526 shares of the company’s stock valued at $2,337,000 after buying an additional 66,606 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.