Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $60.02

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped down prior to trading on Friday . The stock had previously closed at $60.02, but opened at $58.42. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $57.85, with a volume of 6,520,510 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 3.0 %

The company’s fifty day moving average price is $46.63 and its two-hundred day moving average price is $40.43. The firm has a market cap of $15.77 billion, a P/E ratio of 37.08 and a beta of 5.47.

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

Several large investors have recently made changes to their positions in the company. Meridian Wealth Management LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 6.0% during the 4th quarter. Meridian Wealth Management LLC now owns 11,398 shares of the company’s stock worth $358,000 after acquiring an additional 649 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 313.6% during the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock worth $29,000 after acquiring an additional 690 shares during the last quarter. Covestor Ltd grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 98.9% during the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock worth $82,000 after acquiring an additional 875 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth about $42,000. Finally, Lindbrook Capital LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 362.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock worth $58,000 after acquiring an additional 1,450 shares during the last quarter.

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.