Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Reaches New 52-Week High – Here’s Why

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price hit a new 52-week high on Friday . The stock traded as high as $89.39 and last traded at $88.37, with a volume of 63117220 shares. The stock had previously closed at $85.96.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm has a market cap of $14.19 billion, a PE ratio of 35.63 and a beta of 4.55. The firm’s 50-day moving average price is $60.61 and its two-hundred day moving average price is $51.08.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $25,000. Addison Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at $33,000. 1248 Management LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $36,000.

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.