Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Sees Significant Increase in Short Interest

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 30,488,090 shares, a growth of 68.6% from the July 15th total of 18,086,765 shares. Currently, 18.0% of the shares of the stock are sold short. Based on an average trading volume of 87,118,209 shares, the short-interest ratio is presently 0.3 days.

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

Large investors have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC lifted its position 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 period. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at $25,000. Western Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter valued at $33,000. St. Johns Investment Management Company LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth $38,000. Finally, 1248 Management LLC raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during 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.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 4.5%

NYSEARCA SOXL traded up $6.58 on Monday, reaching $151.53. The company’s stock had a trading volume of 42,970,145 shares, compared to its average volume of 74,538,977. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $23.66 and a 52 week high of $302.00. The firm has a market cap of $25.67 billion, a PE ratio of 35.63 and a beta of 5.73. The business has a 50-day moving average price of $180.58 and a 200 day moving average price of $129.28.

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.