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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $192.26, but opened at $174.61. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $166.95, with a volume of 12,598,630 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company’s 50-day simple moving average is $207.77 and its 200 day simple moving average is $114.17. The company has a market cap of $22.98 billion, a PE ratio of 35.63 and a beta of 5.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Key Client Fiduciary Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $474,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $4,007,000. Vigilare Wealth Management acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth approximately $498,000. Optiver Holding B.V. increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 831.0% in the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares during the last quarter. Finally, Serenity Investment Advisors acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $116,000.

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.