Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Hits New 52-Week High – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) reached a new 52-week high on Thursday . The stock traded as high as $242.66 and last traded at $217.98, with a volume of 73782533 shares. The stock had previously closed at $225.79.

Direxion Daily Semiconductors Bull 3x Shares Stock Down 3.5%

The firm has a 50 day simple moving average of $110.39 and a two-hundred day simple moving average of $72.39. The stock has a market capitalization of $29.54 billion, a P/E ratio of 35.63 and a beta of 5.55.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock worth $51,971,000 after purchasing an additional 354,575 shares during the last quarter. Jump Financial LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock worth $41,562,000 after purchasing an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after purchasing an additional 603,324 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock worth $20,182,000 after purchasing an additional 319,393 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after acquiring an additional 516,575 shares during the last quarter.

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.