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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 15,579,844 shares, an increase of 78.7% from the December 31st total of 8,716,963 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,833,168 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 82,833,168 shares, the short-interest ratio is currently 0.2 days. Currently, 7.4% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 12.3%

Shares of NYSEARCA:SOXL traded down $8.68 during trading on Friday, hitting $61.79. 82,965,495 shares of the company’s stock were exchanged, compared to its average volume of 76,070,797. The firm has a 50-day moving average price of $49.34 and a two-hundred day moving average price of $38.93. The firm has a market cap of $12.66 billion, a P/E ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $7.22 and a 1-year high of $71.98.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of hedge funds have recently made changes to their positions in SOXL. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 46.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,669,259 shares of the company’s stock valued at $41,915,000 after buying an additional 526,417 shares in the last quarter. Jump Financial LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 185.6% in 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 lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 105.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock worth $40,912,000 after buying an additional 603,324 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at $22,677,000. Finally, Group One Trading LLC boosted its stake 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 purchasing an additional 319,393 shares in 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.