Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $37.37

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $37.37, but opened at $36.51. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $36.72, with a volume of 14,380,503 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm’s 50 day moving average price is $47.98 and its two-hundred day moving average price is $45.75. The company has a market cap of $10.23 billion, a P/E ratio of 37.08 and a beta of 5.47.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $42,000. Westend Capital Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth approximately $68,000. Covestor Ltd lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the first quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after purchasing an additional 875 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $94,000. Finally, VitalStone Financial LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the first quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock worth $102,000 after buying an additional 1,779 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.