Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up to $41.51

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $41.51, but opened at $42.99. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $43.01, with a volume of 11,173,590 shares.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 42.92 and a beta of 5.29. The business has a 50 day simple moving average of $43.33 and a 200-day simple moving average of $31.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXL. Advisor Group Holdings Inc. grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 282.3% in the first quarter. Advisor Group Holdings Inc. now owns 7,696 shares of the company’s stock valued at $298,000 after acquiring an additional 5,683 shares during the period. Citigroup Inc. boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 94.5% during the first quarter. Citigroup Inc. now owns 3,495 shares of the company’s stock worth $136,000 after buying an additional 1,698 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $145,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth about $5,777,000. Finally, UBS Group AG boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 60.8% during the first quarter. UBS Group AG now owns 6,242 shares of the company’s stock worth $242,000 after buying an additional 2,360 shares during the period.

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.