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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $18.79, but opened at $18.17. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $17.80, with a volume of 27,143,525 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market capitalization of $6.50 billion, a PE ratio of 29.25 and a beta of 4.09. The business has a fifty day moving average price of $24.69 and a 200 day moving average price of $29.32.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a dividend of $0.0648 per share. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 25th.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Large investors have recently bought and sold shares of the company. Copia Wealth Management acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $36,000. LM Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the 4th quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock worth $2,054,000 after buying an additional 65,400 shares in the last quarter. Visionary Wealth Advisors boosted its position in Direxion Daily Semiconductors Bull 3x Shares by 6.8% in the 4th quarter. Visionary Wealth Advisors now owns 9,633 shares of the company’s stock valued at $263,000 after buying an additional 613 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the fourth quarter. Morse Asset Management Inc now owns 30,910 shares of the company’s stock valued at $844,000 after acquiring an additional 368 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% during the fourth quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock worth $8,193,000 after acquiring an additional 299,744 shares during the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

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.