Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Reaches New 1-Year High – Time to Buy?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) shares hit a new 52-week high on Friday . The stock 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 Performance

The company has a fifty day simple moving average of $69.97 and a two-hundred day simple moving average of $56.27. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 35.63 and a beta of 5.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SOXL. Pin Oak Investment Advisors Inc. acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 2nd quarter worth $25,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Addison Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter worth $33,000. Finally, 1248 Management LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after buying an additional 200 shares during 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.