Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up to $34.11

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $34.11, but opened at $36.91. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $36.87, with a volume of 24,471,595 shares.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a 50-day moving average price of $42.84 and a 200-day moving average price of $31.96. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 42.92 and a beta of 5.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. AlphaMark Advisors LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the 4th quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock valued at $29,000 after purchasing an additional 690 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $68,000. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $53,000. Lindbrook Capital LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 362.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock valued at $58,000 after purchasing an additional 1,450 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $94,000.

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.