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

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $93.67, but opened at $103.95. Direxion Daily Semiconductors Bull 3X ETF shares last traded at $99.3480, with a volume of 24,153,711 shares.

Direxion Daily Semiconductors Bull 3X ETF Stock Up 8.7%

The company’s fifty day moving average is $128.92 and its 200 day moving average is $151.06. The stock has a market cap of $17.86 billion, a PE ratio of 35.63 and a beta of 5.75.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Several large investors have recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at $107,000. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 1st quarter valued at $33,000. St. Johns Investment Management Company LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 1st quarter valued at $38,000. Finally, Bouchey Financial Group Ltd. acquired a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter valued at $360,000.

About Direxion Daily Semiconductors Bull 3X ETF

(Get Free Report)

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.

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