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

Posted by Renee Jackson on Aug 11th, 2026

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $130.00, but opened at $136.26. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $132.55, with a volume of 10,792,108 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.4%

The firm has a 50 day simple moving average of $189.11 and a 200-day simple moving average of $127.05. The stock has a market cap of $22.56 billion, a P/E ratio of 35.63 and a beta of 5.73.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth about $258,000. NewEdge Advisors LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $270,000. HUB Investment Partners LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $326,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth about $25,000. Finally, Bank of America Corp DE increased its position in Direxion Daily Semiconductors Bull 3x Shares by 75.2% during the 2nd quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock worth $4,375,000 after purchasing an additional 74,815 shares in the last quarter.

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.