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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $144.95, but opened at $150.61. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $153.37, with a volume of 11,813,095 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The business’s 50 day moving average is $177.93 and its 200 day moving average is $130.30. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors have recently bought and sold shares of the business. Jump Financial LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after acquiring an additional 775,222 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after purchasing an additional 603,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after purchasing an additional 516,575 shares during the period. Simplex Trading LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after buying an additional 354,575 shares during the last quarter. Finally, IMC Chicago LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after buying an additional 324,775 shares during the period.

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.