Short Interest in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Drops By 60.7%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 8,716,963 shares, a decrease of 60.7% from the December 15th total of 22,158,837 shares. Based on an average trading volume of 66,030,477 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.5% of the company’s stock are sold short. Currently, 3.5% of the company’s stock are sold short. Based on an average trading volume of 66,030,477 shares, the days-to-cover ratio is currently 0.1 days.

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

Several large investors have recently modified their holdings of SOXL. ORG Wealth Partners LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at $36,000. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $200,000. Cantor Fitzgerald L. P. raised its position in Direxion Daily Semiconductors Bull 3x Shares by 19.0% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 15,601 shares of the company’s stock worth $544,000 after buying an additional 2,489 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 3rd quarter worth $1,490,000. Finally, Scientech Research LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at about $446,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of SOXL traded up $2.76 during midday trading on Friday, reaching $60.84. The stock had a trading volume of 54,361,021 shares, compared to its average volume of 79,940,664. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $7.22 and a 1-year high of $62.19. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The company’s fifty day simple moving average is $43.81 and its two-hundred day simple moving average is $36.02.

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.