Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Gap Down – Here’s What Happened

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $125.87, but opened at $116.35. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $115.1170, with a volume of 16,339,332 shares traded.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73. The stock’s 50 day simple moving average is $137.44 and its two-hundred day simple moving average is $136.26.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 185.6% during the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after buying an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after acquiring an additional 603,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% in the fourth 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 last quarter. Simplex Trading LLC raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after acquiring an additional 354,575 shares during the period. Finally, IMC Chicago LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF 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 purchasing an additional 324,775 shares during the period.

Direxion Daily Semiconductors Bull 3X ETF 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.