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 Tuesday . The stock had previously closed at $151.75, but opened at $141.24. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $145.96, with a volume of 17,987,377 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 1.5%

The stock has a market capitalization of $20.25 billion, a PE ratio of 35.63 and a beta of 5.55. The firm’s fifty day moving average is $91.15 and its 200-day moving average is $65.33.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several large investors have recently bought and sold shares of the company. Lido Advisors LLC grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 120.6% in the first quarter. Lido Advisors LLC now owns 13,079 shares of the company’s stock valued at $627,000 after purchasing an additional 7,150 shares during the last quarter. Clearwater Capital Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $791,000. SteelPeak Wealth LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after acquiring an additional 266 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after acquiring an additional 324,775 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $340,000.

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.