Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Reaches New 1-Year High – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $89.39 and last traded at $88.37, with a volume of 63117220 shares. The stock had previously closed at $85.96.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The firm has a fifty day simple moving average of $61.26 and a 200-day simple moving average of $51.62. The firm has a market cap of $15.21 billion, a P/E ratio of 35.63 and a beta of 4.55.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 185.6% during the third quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after acquiring an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after acquiring an additional 603,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 516,575 shares during the last quarter. Simplex Trading LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 40.2% during the fourth quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after acquiring an additional 354,575 shares during the last quarter. Finally, Group One Trading LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 65.9% during the second quarter. Group One Trading LLC now owns 803,753 shares of the company’s stock valued at $20,182,000 after acquiring an additional 319,393 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.