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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $19.28, but opened at $20.48. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $20.88, with a volume of 20,231,608 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 2.1 %

The firm has a market cap of $8.33 billion, a P/E ratio of 29.25 and a beta of 4.09. The stock’s 50-day moving average is $25.49 and its 200-day moving average is $29.55.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0648 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $29,000. Anchor Investment Management LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 83.6% in the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock valued at $47,000 after acquiring an additional 585 shares during the period. Copia Wealth Management bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $36,000. Lindbrook Capital LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 70.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares in the last quarter. Finally, PayPay Securities Corp grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the 4th quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock valued at $62,000 after purchasing an additional 403 shares during the period.

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.