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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $191.99 and last traded at $191.24, with a volume of 22079008 shares changing hands. The stock had previously closed at $178.39.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm’s 50-day moving average is $100.79 and its two-hundred day moving average is $68.72. The stock has a market cap of $25.82 billion, a P/E ratio of 35.63 and a beta of 5.55.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Institutional investors have recently bought and sold shares of the business. SteelPeak Wealth LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 152.8% during the 4th quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock worth $945,000 after acquiring an additional 13,593 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after acquiring an additional 516,575 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth $279,000. IMC Chicago LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth $2,482,000. Finally, HighTower Advisors LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 46.7% during the 3rd quarter. HighTower Advisors LLC now owns 38,677 shares of the company’s stock worth $1,348,000 after acquiring an additional 12,319 shares during the period.

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.