Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up to $37.51

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares gapped up prior to trading on Friday . The stock had previously closed at $37.51, but opened at $39.16. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $39.01, with a volume of 8,407,923 shares.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 7.7 %

The company’s fifty day moving average is $48.49 and its 200 day moving average is $45.67. The company has a market capitalization of $10.95 billion, a P/E ratio of 37.08 and a beta of 5.47.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $42,000. Westend Capital Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $68,000. Covestor Ltd boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 98.9% in the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after purchasing an additional 875 shares during the period. VitalStone Financial LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 437.1% in the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock valued at $102,000 after purchasing an additional 1,779 shares during the period. Finally, St. Johns Investment Management Company LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $94,000.

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.