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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped down before the market opened on Tuesday . The stock had previously closed at $151.53, but opened at $134.20. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $130.65, with a volume of 22,993,156 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The company’s 50 day simple moving average is $179.38 and its 200 day simple moving average is $129.89. The stock has a market cap of $21.75 billion, a P/E ratio of 35.63 and a beta of 5.73.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of large investors have recently made changes to their positions in SOXL. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $25,000. Raymond James Financial Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $25,000. Halbert Hargrove Global Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares in the last quarter. Western Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at about $33,000. Finally, 1248 Management LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 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.