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 stock’s fifty day moving average price is $98.10 and its 200 day moving average price is $67.86. The stock has a market cap of $26.13 billion, a PE ratio of 35.63 and a beta of 5.55.

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

Institutional investors have recently made changes to their positions in the company. SteelPeak Wealth LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 152.8% during the fourth quarter. SteelPeak Wealth LLC now owns 22,491 shares of the company’s stock valued at $945,000 after buying an additional 13,593 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after buying an additional 516,575 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at approximately $279,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at approximately $2,482,000. Finally, HighTower Advisors LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 46.7% during the third quarter. HighTower Advisors LLC now owns 38,677 shares of the company’s stock valued at $1,348,000 after buying an additional 12,319 shares during the last quarter.

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.