Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Update

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 11,423,216 shares, a decline of 26.7% from the January 15th total of 15,579,844 shares. Currently, 5.9% of the company’s shares are short sold. Based on an average daily volume of 69,371,863 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 69,371,863 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.9% of the company’s shares are short sold.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

NYSEARCA SOXL opened at $64.59 on Friday. The stock has a market capitalization of $12.43 billion, a P/E ratio of 35.63 and a beta of 4.52. The business has a 50 day simple moving average of $53.39 and a 200 day simple moving average of $41.29. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.22 and a one year high of $71.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verus Capital Partners LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock valued at $495,000 after purchasing an additional 200 shares in the last quarter. 1248 Management LLC lifted its stake in 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 valued at $34,000 after acquiring an additional 200 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 2.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 13,951 shares of the company’s stock worth $486,000 after acquiring an additional 312 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock worth $748,000 after acquiring an additional 413 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.5% in the second quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock valued at $794,000 after purchasing an additional 457 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.