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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares hit a new 52-week high on Friday . The company traded as high as $191.99 and last traded at $191.24, with a volume of 22079008 shares. The stock had previously closed at $178.39.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 8.1%

The firm has a market cap of $26.13 billion, a PE ratio of 35.63 and a beta of 5.55. The stock’s fifty day simple moving average is $98.10 and its two-hundred day simple moving average is $67.86.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $33,000. St. Johns Investment Management Company LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $38,000. Finally, 1248 Management LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the period.

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.