Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Up 17.7% in February

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 14,623,364 shares, an increase of 17.7% from the February 12th total of 12,427,715 shares. Based on an average daily trading volume, of 72,584,790 shares, the short-interest ratio is presently 0.2 days. Approximately 7.6% of the shares of the company are short sold. Approximately 7.6% of the shares of the company are short sold. Based on an average daily trading volume, of 72,584,790 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA SOXL traded up $2.97 during trading on Monday, reaching $53.69. The stock had a trading volume of 79,044,371 shares, compared to its average volume of 83,661,141. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.22 and a one year high of $72.36. The stock has a market cap of $10.34 billion, a PE ratio of 35.63 and a beta of 4.52. The firm’s 50 day moving average price is $60.08 and its two-hundred day moving average price is $46.41.

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

A number of hedge funds have recently added to or reduced their stakes in SOXL. SHP Wealth Management acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $57,000. Kovitz Investment Group Partners LLC lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 171.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 15,993 shares of the company’s stock worth $672,000 after buying an additional 10,100 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $548,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $1,293,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at about $275,000.

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.