Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Down – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $21.69, but opened at $20.32. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $20.24, with a volume of 44,692,052 shares.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 7.6%

The business’s 50 day moving average price is $14.83 and its 200-day moving average price is $21.85. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 35.63 and a beta of 4.28.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $27,180,000. BNP Paribas Financial Markets raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% in the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock worth $8,193,000 after purchasing an additional 299,744 shares in the last quarter. Simplex Trading LLC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock worth $27,319,000 after purchasing an additional 235,607 shares in the last quarter. Spire Wealth Management raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 14,970.5% in the 1st quarter. Spire Wealth Management now owns 197,122 shares of the company’s stock worth $3,144,000 after purchasing an additional 195,814 shares in the last quarter. Finally, Belvedere Trading LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $2,040,000.

About Direxion Daily Semiconductors Bull 3x Shares

(Get Free Report)

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.

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