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 before the market opened 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 traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 15.9%

The firm’s 50-day moving average is $206.81 and its 200-day moving average is $119.63. The company has a market capitalization of $21.62 billion, a PE ratio of 35.63 and a beta of 5.66.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth about $474,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $4,007,000. Vigilare Wealth Management purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter valued at about $498,000. Optiver Holding B.V. lifted its position in 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 worth $13,525,000 after buying an additional 251,587 shares during the last quarter. Finally, Serenity Investment Advisors bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth approximately $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.