Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Hits New 1-Year High – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $166.00 and last traded at $165.85, with a volume of 64256716 shares changing hands. The stock had previously closed at $144.16.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 15.0%

The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. The stock’s fifty day moving average price is $73.51 and its 200-day moving average price is $58.03.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Addison Advisors LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth $33,000. Finally, 1248 Management LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares during 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.