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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $31.67, but opened at $30.83. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $30.74, with a volume of 14,327,547 shares traded.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The company has a market cap of $8.02 billion, a P/E ratio of 37.08 and a beta of 5.47. The stock has a 50 day moving average price of $34.09 and a 200 day moving average price of $42.48.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Hedge funds have recently modified their holdings of the stock. Creative Planning acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth $216,000. Campbell Capital Management Inc. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at $1,064,000. Signaturefd LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 17.6% during the third quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $73,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 56.4% during the second quarter. SG Americas Securities LLC now owns 39,276 shares of the company’s stock valued at $2,174,000 after buying an additional 14,170 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at $17,641,000.

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.