Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Reaches New 12-Month High – Still a Buy?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares hit a new 52-week high on Friday . The company traded as high as $131.38 and last traded at $130.38, with a volume of 37305638 shares trading hands. The stock had previously closed at $126.98.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.7%

The stock has a market capitalization of $17.57 billion, a PE ratio of 35.63 and a beta of 4.55. The business’s 50-day moving average is $69.97 and its two-hundred day moving average is $56.15.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC increased its stake in shares of 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 acquiring an additional 138 shares during the period. Verus Capital Partners LLC increased its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% during the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after acquiring an additional 200 shares during the period. 1248 Management LLC grew its position 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 period. EP Wealth Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1.4% in the second quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock valued at $748,000 after buying an additional 413 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1.5% in the second quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock valued at $794,000 after buying an additional 457 shares in 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.