Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up to $36.45

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $36.45, but opened at $38.75. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $38.61, with a volume of 24,805,150 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The business has a fifty day moving average price of $42.79 and a 200 day moving average price of $32.81. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meridian Wealth Management LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 6.0% during the fourth 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 period. AlphaMark Advisors LLC boosted its position in shares of 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 valued at $29,000 after purchasing an additional 690 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth approximately $42,000. Stratos Wealth Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 11.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,060 shares of the company’s stock worth $190,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 3.7% in the 3rd quarter. Barclays PLC now owns 36,499 shares of the company’s stock worth $688,000 after purchasing an additional 1,300 shares in 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.