Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down to $33.43

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) gapped down prior to trading on Monday . The stock had previously closed at $33.43, but opened at $32.03. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $31.66, with a volume of 16,696,170 shares.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The business’s fifty day moving average price is $39.55 and its two-hundred day moving average price is $44.94. The stock has a market capitalization of $8.71 billion, a PE ratio of 37.08 and a beta of 5.47.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SOXL. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth about $2,459,000. Westend Capital Management LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $68,000. Global Assets Advisory LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $13,683,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $41,164,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter worth about $43,087,000.

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.