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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.02, but opened at $24.80. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $25.24, with a volume of 25,107,440 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The business’s 50-day moving average is $29.31 and its 200-day moving average is $32.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Variant Private Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $2,030,000. PayPay Securities Corp grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 21.6% during the 4th quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after buying an additional 403 shares during the period. Avestar Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $1,178,000. KG&L Capital Management LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 209.3% in the 4th quarter. KG&L Capital Management LLC now owns 19,423 shares of the company’s stock valued at $530,000 after acquiring an additional 13,143 shares during the period. Finally, TB Alternative Assets Ltd. boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 29.5% during the 4th quarter. TB Alternative Assets Ltd. now owns 622,886 shares of the company’s stock worth $17,011,000 after acquiring an additional 141,941 shares during the last quarter.

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.