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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped up before the market opened on Thursday . The stock had previously closed at $63.48, but opened at $66.90. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $63.94, with a volume of 30,635,848 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 0.1%

The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The firm’s 50 day moving average is $45.23 and its two-hundred day moving average is $37.07.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 772.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,220 shares of the company’s stock valued at $307,000 after acquiring an additional 10,820 shares during the last quarter. Surience Private Wealth LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at $1,311,000. NRI Wealth Management LC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at $981,000. Prime Capital Investment Advisors LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 49.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 20,686 shares of the company’s stock valued at $519,000 after purchasing an additional 6,810 shares during the last quarter. Finally, Triton Wealth Management PLLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $1,327,000.

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.