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

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

Direxion Daily Semiconductors Bull 3x Shares Trading Down 3.5%

The company has a market capitalization of $29.54 billion, a P/E ratio of 35.63 and a beta of 5.55. The stock has a 50 day moving average price of $110.39 and a 200 day moving average price of $72.39.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $25,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $25,000. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Addison Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter valued at $33,000. Finally, Western Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $33,000.

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.