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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price hit a new 52-week high on Thursday . The company traded as high as $285.87 and last traded at $285.50, with a volume of 44695237 shares trading hands. The stock had previously closed at $233.86.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

The firm’s 50 day moving average is $172.61 and its two-hundred day moving average is $95.66. The firm has a market cap of $37.84 billion, a P/E ratio of 35.63 and a beta of 5.70.

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

Several hedge funds have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first 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 period. Verus Capital Partners LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% in 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 in the last quarter. 1248 Management LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after purchasing an additional 266 shares during the period. Finally, Kaizen Financial Strategies raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 4.6% during the first quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock worth $381,000 after purchasing an additional 350 shares during the period.

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.