Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up – Still a Buy?

Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $234.68, but opened at $265.99. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $270.31, with a volume of 11,458,205 shares trading hands.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market cap of $36.71 billion, a P/E ratio of 35.63 and a beta of 5.70. The stock has a 50-day moving average of $152.47 and a two-hundred day moving average of $88.34.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $25,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth $25,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Addison Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth $33,000. Finally, Western Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth $33,000.

About Direxion Daily Semiconductors Bull 3x Shares

(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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