Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $47.99

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $47.99, but opened at $45.83. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $45.03, with a volume of 11,896,419 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 0.7 %

The company has a market capitalization of $13.02 billion, a P/E ratio of 15.46 and a beta of 4.08. The firm has a 50-day moving average price of $41.74 and a two-hundred day moving average price of $29.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $53,000. Ritholtz Wealth Management bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $282,000. Morse Asset Management Inc raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 3.2% during the second quarter. Morse Asset Management Inc now owns 25,909 shares of the company’s stock worth $643,000 after acquiring an additional 805 shares in the last quarter. Quantbot Technologies LP raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 45.9% during the third quarter. Quantbot Technologies LP now owns 26,172 shares of the company’s stock worth $494,000 after acquiring an additional 8,232 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $283,000.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(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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