Short Interest in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Grows By 68.6%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of 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 currently 0.3 days.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

NYSEARCA SOXL opened at $129.10 on Wednesday. The company’s 50 day simple moving average is $177.93 and its two-hundred day simple moving average is $130.30. Direxion Daily Semiconductors Bull 3x Shares has a 1 year low of $23.66 and a 1 year high of $302.00. The stock has a market capitalization of $21.87 billion, a PE ratio of 35.63 and a beta of 5.73.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $25,000. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC boosted 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 valued at $27,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $33,000. Finally, 1248 Management LLC grew its holdings in shares of 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 purchasing an additional 200 shares in 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.