Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Reaches New 1-Year 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 stock 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 Stock Down 0.1%

The firm has a fifty day moving average price of $117.19 and a two-hundred day moving average price of $74.74. The stock has a market capitalization of $30.40 billion, a P/E ratio of 35.63 and a beta of 5.55.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of SOXL. Pin Oak Investment Advisors Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $25,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter valued at $25,000. Halbert Hargrove Global Advisors LLC increased its holdings 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 valued at $27,000 after acquiring an additional 138 shares in the last quarter. Addison Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at $33,000. Finally, Western Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the first quarter valued at $33,000.

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.